Truist Financial Corp Decreases Stock Holdings in Healthpeak Properties, Inc. $DOC

Truist Financial Corp lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 390,153 shares of the real estate investment trust’s stock after selling 13,478 shares during the period. Truist Financial Corp owned approximately 0.06% of Healthpeak Properties worth $6,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DOC. Machina Capital S.A.S. increased its position in shares of Healthpeak Properties by 62.8% during the first quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust’s stock worth $751,000 after acquiring an additional 14,336 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Healthpeak Properties by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 357,520 shares of the real estate investment trust’s stock worth $7,229,000 after buying an additional 23,135 shares during the last quarter. Ibex Wealth Advisors purchased a new position in Healthpeak Properties during the 1st quarter worth $5,056,000. Vert Asset Management LLC grew its stake in shares of Healthpeak Properties by 6.9% during the first quarter. Vert Asset Management LLC now owns 325,143 shares of the real estate investment trust’s stock worth $6,574,000 after acquiring an additional 20,924 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Healthpeak Properties by 0.3% during the 1st quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust’s stock worth $171,524,000 after purchasing an additional 23,136 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the transaction, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 8,783 shares of company stock worth $150,129. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

DOC has been the topic of a number of recent research reports. Scotiabank lowered Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wells Fargo & Company dropped their target price 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. Cantor Fitzgerald initiated coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price on the stock. Evercore ISI set a $22.00 target price on Healthpeak Properties in a research report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Healthpeak Properties in a report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Healthpeak Properties Stock Down 0.6%

Healthpeak Properties stock opened at $19.25 on Tuesday. The stock’s fifty day simple moving average is $17.90 and its 200-day simple moving average is $17.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The firm has a market capitalization of $13.38 billion, a P/E ratio of 80.21, a P/E/G ratio of 2.50 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same period in the prior year, the firm posted $0.45 EPS. The company’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. As a group, equities analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a oct 25 dividend, which will be paid on Thursday, October 30th. Shareholders of record on Friday, October 17th will be issued a dividend of $0.1017 per share. Healthpeak Properties’s payout ratio is 508.33%.

Healthpeak Properties Company Profile

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.