Accordant Advisory Group Inc Makes New $1.39 Million Investment in Healthpeak Properties, Inc. $DOC

Accordant Advisory Group Inc bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 79,270 shares of the real estate investment trust’s stock, valued at approximately $1,388,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky boosted its position in Healthpeak Properties by 3.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 53,975 shares of the real estate investment trust’s stock worth $1,091,000 after purchasing an additional 1,908 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Healthpeak Properties by 226.4% during the 1st quarter. Lindbrook Capital LLC now owns 10,972 shares of the real estate investment trust’s stock worth $222,000 after buying an additional 7,610 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Healthpeak Properties during the 1st quarter valued at approximately $872,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Healthpeak Properties by 2.8% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,529,120 shares of the real estate investment trust’s stock valued at $30,919,000 after acquiring an additional 41,563 shares during the period. Finally, Oak Thistle LLC acquired a new stake in Healthpeak Properties in the 1st quarter valued at $1,393,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DOC shares. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Healthpeak Properties in a research report on Tuesday. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Morgan Stanley lowered their price objective on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.82.

Healthpeak Properties Price Performance

DOC stock opened at $17.64 on Thursday. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $22.71. The business’s 50-day moving average is $18.31 and its two-hundred day moving average is $17.83. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. The firm has a market capitalization of $12.26 billion, a P/E ratio of -352.63, a P/E/G ratio of 3.84 and a beta of 1.10.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $705.87 million for the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is presently -2,440.00%.

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.