TD Private Client Wealth LLC Sells 6,012 Shares of Healthpeak Properties, Inc. $DOC

TD Private Client Wealth LLC lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,442 shares of the real estate investment trust’s stock after selling 6,012 shares during the period. TD Private Client Wealth LLC’s holdings in Healthpeak Properties were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DOC. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Healthpeak Properties by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 349,884 shares of the real estate investment trust’s stock valued at $7,092,000 after acquiring an additional 18,483 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Healthpeak Properties by 122.8% in the 4th quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust’s stock valued at $3,158,000 after acquiring an additional 85,867 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Healthpeak Properties by 1,926.7% in the 1st quarter. GAMMA Investing LLC now owns 529,259 shares of the real estate investment trust’s stock valued at $107,020,000 after acquiring an additional 503,145 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Healthpeak Properties by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 561 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Healthpeak Properties by 73.4% in the 1st quarter. Rothschild Investment LLC now owns 2,487 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, September 15th. Wells Fargo & Company lowered their price target on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Scotiabank lowered Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Morgan Stanley reduced their price objective on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.45.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $18.97 on Monday. The firm has a market cap of $13.18 billion, a P/E ratio of 79.04, a P/E/G ratio of 2.44 and a beta of 1.07. Healthpeak Properties, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. The business’s 50 day moving average price is $17.80 and its 200-day moving average price is $18.04. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, August 18th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 508.33%.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. This trade represents a 1.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 8,783 shares of company stock valued at $150,129. Company insiders own 0.23% of the company’s stock.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.