Douglas Lane & Associates LLC Purchases 275,491 Shares of Healthpeak Properties, Inc. $DOC

Douglas Lane & Associates LLC lifted its position in Healthpeak Properties, Inc. (NYSE:DOC) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,350,540 shares of the real estate investment trust’s stock after buying an additional 275,491 shares during the period. Douglas Lane & Associates LLC owned approximately 0.48% of Healthpeak Properties worth $64,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DOC. Brooklyn Investment Group boosted its position 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 worth $27,000 after purchasing an additional 873 shares during the last quarter. Rexford Capital Inc. bought a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $28,000. GKV Capital Management Co. Inc. bought a new position in shares of Healthpeak Properties in the 1st quarter worth approximately $36,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Healthpeak Properties in the second quarter worth approximately $32,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Healthpeak Properties during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DOC shares. Jefferies Financial Group downgraded shares of Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $17.00 in a research report on Monday, December 15th. Robert W. Baird reduced their price objective 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 initiated coverage on Healthpeak Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Monday, December 15th. Finally, Evercore ISI reduced their price target on Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.18.

Healthpeak Properties Stock Down 2.6%

Shares of DOC stock opened at $15.99 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. Healthpeak Properties, Inc. has a one year low of $15.98 and a one year high of $21.28. The company’s fifty day moving average price is $17.65 and its 200-day moving average price is $17.81. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of -319.74, a PEG ratio of 4.05 and a beta of 1.11.

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

Healthpeak Properties Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 7.6%. Healthpeak Properties’s payout ratio is currently -2,440.00%.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.