Armor Investment Advisors LLC Decreases Stake in Healthpeak Properties, Inc. $DOC

Armor Investment Advisors LLC lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 59.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,954 shares of the real estate investment trust’s stock after selling 19,122 shares during the quarter. Armor Investment Advisors LLC’s holdings in Healthpeak Properties were worth $227,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. TCTC Holdings LLC increased its stake in shares of Healthpeak Properties by 124.3% in 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 stake in shares of Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 873 shares in the last quarter. Dagco Inc. bought a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $30,000. AlphaQuest LLC bought a new stake in shares of Healthpeak Properties in the 2nd quarter worth about $34,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Healthpeak Properties during the 2nd quarter worth approximately $34,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Up 0.1%

Shares of NYSE DOC opened at $17.87 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of -357.23, a PEG ratio of 3.84 and a beta of 1.10. The business’s 50 day moving average is $18.28 and its two-hundred day moving average is $17.84. Healthpeak Properties, Inc. has a 52-week low of $16.63 and a 52-week high of $22.71.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 business had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on DOC shares. Cantor Fitzgerald started coverage on Healthpeak Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Healthpeak Properties in a report on Tuesday, November 18th. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Finally, Robert W. Baird dropped their price target on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Seven investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $20.82.

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.