Coldstream Capital Management Inc. Sells 5,318 Shares of Healthpeak Properties, Inc. $DOC

Coldstream Capital Management Inc. reduced its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,676 shares of the real estate investment trust’s stock after selling 5,318 shares during the period. Coldstream Capital Management Inc.’s holdings in Healthpeak Properties were worth $520,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Brooklyn Investment Group boosted 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 valued at $27,000 after purchasing an additional 873 shares in the last quarter. Dagco Inc. bought a new stake in Healthpeak Properties in the first quarter worth $30,000. GKV Capital Management Co. Inc. bought a new stake in Healthpeak Properties in the first quarter worth $36,000. AlphaQuest LLC purchased a new stake in Healthpeak Properties during the second quarter valued at about $34,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Healthpeak Properties during the second quarter valued at about $34,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $18.23 on Friday. The business has a 50 day moving average of $18.27 and a 200 day moving average of $17.85. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $22.71. The company has a market cap of $12.67 billion, a PE ratio of -364.43, a P/E/G ratio of 3.84 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.22 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $681.65 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up .8% 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 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 declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DOC. Morgan Stanley lowered their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Raymond James Financial upgraded 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Healthpeak Properties in a research note on Monday. Finally, Wells Fargo & Company increased their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.91.

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.