VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stock Holdings in Healthpeak Properties, Inc. $DOC

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 84.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,940 shares of the real estate investment trust’s stock after selling 647,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Healthpeak Properties were worth $2,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rexford Capital Inc. acquired a new stake in shares of Healthpeak Properties in the 2nd quarter worth approximately $28,000. Sound Income Strategies LLC acquired a new position in Healthpeak Properties during the third quarter worth $28,000. Elevation Point Wealth Partners LLC purchased a new stake in Healthpeak Properties during the second quarter worth $32,000. CYBER HORNET ETFs LLC acquired a new stake in Healthpeak Properties in the second quarter valued at $33,000. Finally, AlphaQuest LLC acquired a new stake in Healthpeak Properties in the second quarter valued at $34,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Up 0.7%

Shares of DOC stock opened at $16.20 on Friday. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of -323.84, a PEG ratio of 4.06 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $17.17 and a 200 day moving average price of $17.72. Healthpeak Properties, Inc. has a twelve month low of $15.71 and a twelve month high of $21.28.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results 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. The company had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 19th were given a dividend of $0.1017 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 7.5%. Healthpeak Properties’s dividend payout ratio (DPR) is -2,440.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Evercore ISI cut their price target on Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Jefferies Financial Group downgraded shares of Healthpeak Properties from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $17.00 in a report on Monday, December 15th. Cantor Fitzgerald assumed coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price for the company. 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 research report on Monday, September 15th. Finally, Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus price target of $20.18.

Healthpeak Properties Company Profile

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.