Allspring Global Investments Holdings LLC Trims Stock Holdings in Healthpeak Properties, Inc. $DOC

Allspring Global Investments Holdings LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,562 shares of the real estate investment trust’s stock after selling 2,245 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Healthpeak Properties were worth $546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCTC Holdings LLC lifted its position in shares of Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 751 shares in the last quarter. Brooklyn Investment Group increased its stake in Healthpeak Properties by 198.9% in the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 873 shares during the last quarter. Dagco Inc. acquired a new position in Healthpeak Properties in the first quarter valued at $30,000. GKV Capital Management Co. Inc. acquired a new position in Healthpeak Properties in the first quarter valued at $36,000. Finally, Larson Financial Group LLC increased its stake in Healthpeak Properties by 120.6% in the first quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,024 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 1,490 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the transaction, the chief executive officer directly owned 211,906 shares of the company’s stock, valued at approximately $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 8,783 shares of company stock valued at $150,129 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $18.75 on Friday. The firm has a market capitalization of $13.03 billion, a PE ratio of -374.95, a P/E/G ratio of 3.16 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $18.32 and a two-hundred day moving average of $17.91. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.12.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative return on equity of 0.43% and a negative net margin of 1.36%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.5%. Healthpeak Properties’s dividend payout ratio is presently 508.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on DOC shares. Evercore ISI set a $22.00 target price on Healthpeak Properties in a research note on Monday, September 15th. 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 note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Friday. Wells Fargo & Company dropped their target price on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Healthpeak Properties 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.