Allstate Corp Has $1.61 Million Stake in Healthpeak Properties, Inc. $DOC

Allstate Corp grew its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 134.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,345 shares of the real estate investment trust’s stock after acquiring an additional 57,528 shares during the period. Allstate Corp’s holdings in Healthpeak Properties were worth $1,614,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DOC. WPG Advisers LLC grew its holdings in shares of Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,197 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Healthpeak Properties in the 4th quarter valued at about $31,000. Clearstead Advisors LLC grew its holdings in shares of Healthpeak Properties by 166.3% in the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,216 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Healthpeak Properties in the 2nd quarter valued at about $33,000. Finally, Wiser Advisor Group LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $38,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group raised their price objective on Healthpeak Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price objective on Healthpeak Properties from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Morgan Stanley raised their price objective on Healthpeak Properties from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Scotiabank raised their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Citigroup lifted their price target on Healthpeak Properties from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Hold” and an average target price of $19.23.

Healthpeak Properties Price Performance

DOC stock opened at $19.17 on Friday. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $20.27. The company has a market cap of $13.21 billion, a P/E ratio of 59.90, a PEG ratio of 2.48 and a beta of 1.00. The firm has a 50-day moving average of $17.73 and a 200 day moving average of $17.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $752.95 million for the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.75 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s dividend payout ratio is 381.25%.

Insiders Place Their Bets

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total value of $213,736.05. Following the sale, the insider owned 7,636 shares in the company, valued at approximately $148,520.20. This represents a 59.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.