California Public Employees Retirement System Lowers Position in Healthpeak Properties, Inc. $DOC

California Public Employees Retirement System lessened its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,144,271 shares of the real estate investment trust’s stock after selling 121,308 shares during the quarter. California Public Employees Retirement System’s holdings in Healthpeak Properties were worth $18,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC grew its stake 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 worth $26,000 after acquiring an additional 1,197 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Healthpeak Properties during the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new position in Healthpeak Properties during the fourth quarter worth about $31,000. Clearstead Advisors LLC boosted its holdings in Healthpeak Properties by 166.3% during the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Healthpeak Properties during the second quarter worth about $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $22.08 on Friday. The company has a market capitalization of $15.22 billion, a P/E ratio of 68.99, a price-to-earnings-growth ratio of 3.45 and a beta of 1.02. The company’s 50-day moving average is $20.68 and its 200 day moving average is $18.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.77.

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

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s dividend payout ratio is currently 381.25%.

Insider Activity

In related news, insider Scott R. Bohn sold 10,989 shares of Healthpeak Properties stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $148,520.20. The trade was a 59.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DOC has been the subject of several analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price objective (up from $20.00) on shares of Healthpeak Properties in a research note on Thursday, June 11th. Mizuho boosted their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Scotiabank boosted their target price on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Raymond James Financial assumed coverage on Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.62.

About Healthpeak Properties

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.