Healthpeak Properties, Inc. $DOC Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 594,114 shares of the real estate investment trust’s stock after selling 34,377 shares during the quarter. Brookstone Capital Management owned about 0.09% of Healthpeak Properties worth $9,761,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC lifted its position in Healthpeak Properties by 270.2% during the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,197 shares during the period. Advocate Investing Services LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC increased its holdings in shares of Healthpeak Properties by 166.3% in the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,216 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Healthpeak Properties during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling at Healthpeak Properties

In related news, insider Scott R. Bohn sold 10,989 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total value of $213,736.05. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DOC. Citigroup boosted their price objective on shares of Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their target price on shares of Healthpeak Properties from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Scotiabank lifted their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 target price (up from $20.00) on shares of Healthpeak Properties in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Three investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Healthpeak Properties currently has an average rating of “Hold” and an average target price of $19.86.

Healthpeak Properties Stock Up 1.9%

DOC opened at $19.94 on Tuesday. The business’s fifty day moving average is $18.72 and its two-hundred day moving average is $17.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 62.30, a PEG ratio of 3.05 and a beta of 1.05. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $20.82.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The firm had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. During the same period last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.75 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.1%. Healthpeak Properties’s payout ratio is 381.25%.

Healthpeak Properties Company 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.