Allianz Asset Management GmbH Sells 272,025 Shares of Healthpeak Properties, Inc. $DOC

Allianz Asset Management GmbH reduced its position in Healthpeak Properties, Inc. (NYSE:DOC) by 28.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 676,624 shares of the real estate investment trust’s stock after selling 272,025 shares during the period. Allianz Asset Management GmbH owned approximately 0.10% of Healthpeak Properties worth $12,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mather Group LLC. bought a new position in Healthpeak Properties in the third quarter valued at about $25,000. City Holding Co. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $26,000. Rexford Capital Inc. bought a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $28,000. Sound Income Strategies LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth approximately $28,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Healthpeak Properties during the second quarter valued at approximately $32,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday. 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. Wall Street Zen raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group started coverage on Healthpeak Properties in a report on Friday, January 9th. They set a “neutral” rating and a $17.00 price target for the company. Finally, Cantor Fitzgerald set a $17.00 price target on Healthpeak Properties in a research report on Monday, January 5th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.42.

Healthpeak Properties Trading Up 1.1%

Shares of DOC stock opened at $16.86 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 2.82. The stock has a fifty day simple moving average of $16.87 and a two-hundred day simple moving average of $17.59. The firm has a market capitalization of $11.72 billion, a PE ratio of 168.62, a PEG ratio of 9.04 and a beta of 1.12. Healthpeak Properties, Inc. has a 52-week low of $15.71 and a 52-week high of $21.28.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $719.40 million for the quarter, compared to the consensus estimate of $685.14 million. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is presently 1,220.00%.

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.