Louisiana State Employees Retirement System Invests $582,000 in Healthpeak Properties, Inc. $DOC

Louisiana State Employees Retirement System purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,400 shares of the real estate investment trust’s stock, valued at approximately $582,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanderbilt University boosted its position in shares of Healthpeak Properties by 53.8% during the 1st quarter. Vanderbilt University now owns 26,924 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 9,416 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Healthpeak Properties by 13.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 25,403 shares of the real estate investment trust’s stock worth $417,000 after purchasing an additional 2,984 shares during the last quarter. OP Asset Management Ltd purchased a new stake in Healthpeak Properties during the first quarter valued at $2,109,000. Atlas Brown Inc. raised its stake in Healthpeak Properties by 13.8% during the first quarter. Atlas Brown Inc. now owns 13,194 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Healthpeak Properties during the first quarter valued at $177,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the 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 sale, the insider owned 7,636 shares in the company, valued at $148,520.20. This trade represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research reports. Wells Fargo & Company boosted their target price 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. Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. UBS Group raised their price objective on Healthpeak Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Raymond James Financial assumed coverage on Healthpeak Properties in a report on Wednesday, June 17th. They issued a “market perform” rating for the company. Finally, Scotiabank boosted their target price on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.35.

Healthpeak Properties Stock Up 0.9%

Shares of NYSE DOC opened at $21.95 on Wednesday. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $22.13. The firm has a 50-day simple moving average of $19.76 and a two-hundred day simple moving average of $17.93. The company has a market cap of $15.13 billion, a P/E ratio of 68.60, a PEG ratio of 3.39 and a beta of 1.02. 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 issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The firm had revenue of $752.95 million for the quarter, compared to the consensus estimate of $694.59 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’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. Research analysts anticipate that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current year.

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.