Creative Planning Reduces Stock Holdings in Healthpeak Properties, Inc. $DOC

Creative Planning lessened its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 13.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,122 shares of the real estate investment trust’s stock after selling 24,615 shares during the quarter. Creative Planning’s holdings in Healthpeak Properties were worth $2,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DOC. Deutsche Bank AG increased its position in Healthpeak Properties by 0.3% during the first quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust’s stock worth $171,524,000 after buying an additional 23,136 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Healthpeak Properties by 11.1% during the 1st quarter. LPL Financial LLC now owns 4,032,779 shares of the real estate investment trust’s stock worth $81,543,000 after purchasing an additional 404,372 shares during the last quarter. Adelante Capital Management LLC grew its holdings in shares of Healthpeak Properties by 4,464.2% during the first quarter. Adelante Capital Management LLC now owns 1,189,069 shares of the real estate investment trust’s stock worth $24,043,000 after buying an additional 1,163,017 shares in the last quarter. Aviva PLC raised its position in shares of Healthpeak Properties by 6.6% in the second quarter. Aviva PLC now owns 593,721 shares of the real estate investment trust’s stock valued at $10,396,000 after buying an additional 36,603 shares during the last quarter. Finally, Alan B Lancz & Associates Inc. acquired a new position in shares of Healthpeak Properties in the second quarter valued at approximately $373,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOC has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of 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. Robert W. Baird dropped their target price on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Cantor Fitzgerald began 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. Raymond James Financial upgraded shares of 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. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Healthpeak Properties in a research note on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target of $20.82.

Healthpeak Properties Trading Up 2.5%

NYSE DOC opened at $17.83 on Monday. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $22.71. The company’s 50 day moving average price is $18.29 and its 200 day moving average price is $17.83. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.28 and a current ratio of 1.22. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of -356.53, a PEG ratio of 3.84 and a beta of 1.10.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a $0.1017 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio is currently -2,440.00%.

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.