Bank of New York Mellon Corp Grows Stock Holdings in Healthpeak Properties, Inc. $DOC

Bank of New York Mellon Corp grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,641,231 shares of the real estate investment trust’s stock after buying an additional 2,887,084 shares during the quarter. Bank of New York Mellon Corp’s holdings in Healthpeak Properties were worth $155,031,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. WPG Advisers LLC boosted its stake in shares of Healthpeak Properties by 270.2% in the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,197 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Healthpeak Properties in the 4th quarter worth about $31,000. Clearstead Advisors LLC increased 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 worth $31,000 after acquiring an additional 1,216 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Healthpeak Properties in the 2nd quarter worth about $33,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $38,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Scott R. Bohn sold 10,989 shares of the 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 completion of the sale, the insider directly owned 7,636 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DOC shares. Evercore cut shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price objective on the stock. in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on shares of Healthpeak Properties from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings raised shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Scotiabank increased their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Hold” and an average price target of $19.38.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.80 on Friday. The company has a 50-day moving average of $17.96 and a two-hundred day moving average of $17.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 61.87, a PEG ratio of 3.09 and a beta of 1.05. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $20.27.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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. The business had revenue of $752.95 million during the quarter, compared to analyst estimates of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.74 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th. Healthpeak Properties’s dividend payout ratio is 381.25%.

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.