HB Wealth Management LLC Sells 1,663 Shares of Healthpeak Properties, Inc. $DOC

HB Wealth Management LLC decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,102 shares of the real estate investment trust’s stock after selling 1,663 shares during the period. HB Wealth Management LLC’s holdings in Healthpeak Properties were worth $422,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 751 shares in the last quarter. Brooklyn Investment Group grew its holdings in Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 873 shares in the last quarter. S.A. Mason LLC increased its position in shares of Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares during the period. Dagco Inc. purchased a new stake in shares of Healthpeak Properties in the first quarter worth about $30,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Healthpeak Properties in the first quarter valued at approximately $36,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 1,490 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were purchased at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the transaction, the chief executive officer owned 211,906 shares of the company’s stock, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have acquired 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DOC. Morgan Stanley decreased their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Saturday, September 27th. Finally, Scotiabank cut Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.33.

Healthpeak Properties Stock Up 1.1%

DOC opened at $19.39 on Monday. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $17.86 and its 200-day moving average price is $18.00. The company has a market cap of $13.47 billion, a P/E ratio of 80.77, a P/E/G ratio of 2.50 and a beta of 1.09.

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

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.