Healthpeak Properties, Inc. $DOC Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,591,104 shares of the real estate investment trust’s stock after selling 504,493 shares during the quarter. Healthpeak Properties makes up approximately 1.9% of Cullen Capital Management LLC’s holdings, making the stock its 24th largest holding. Cullen Capital Management LLC owned 1.38% of Healthpeak Properties worth $167,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Brooklyn Investment Group grew its holdings 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 period. Rexford Capital Inc. acquired a new position in shares of Healthpeak Properties in the 2nd quarter valued at $28,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Healthpeak Properties in the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $33,000. Finally, AlphaQuest LLC acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth $34,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley cut their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. 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 report on Wednesday, August 20th. Evercore ISI set a $22.00 target price on Healthpeak Properties in a report on Monday, September 15th. Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Finally, Wells Fargo & Company raised their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Healthpeak Properties Trading Down 0.4%

Shares of DOC opened at $16.61 on Monday. Healthpeak Properties, Inc. has a 12 month low of $16.44 and a 12 month high of $21.28. The stock’s 50-day moving average is $17.89 and its two-hundred day moving average is $17.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $11.55 billion, a PE ratio of -332.19, a P/E/G ratio of 4.21 and a beta of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its earnings results 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. The business 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 0.44% and a negative net margin of 1.36%.The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 7.3%. Healthpeak Properties’s dividend payout ratio (DPR) 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.