Envestnet Asset Management Inc. Raises Stake in Healthpeak Properties, Inc. $DOC

Envestnet Asset Management Inc. boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 30.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,906,824 shares of the real estate investment trust’s stock after buying an additional 907,509 shares during the period. Envestnet Asset Management Inc. owned approximately 0.56% of Healthpeak Properties worth $74,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. Mather Group LLC. purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at $25,000. City Holding Co. purchased a new stake in Healthpeak Properties during the 3rd quarter worth $26,000. Rexford Capital Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter valued at $28,000. Sound Income Strategies LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $28,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Healthpeak Properties during the second quarter worth about $32,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent research reports. Evercore lowered their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Robert W. Baird lowered 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 report on Wednesday, November 12th. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Healthpeak Properties in a report on Friday, January 9th. They set a “neutral” rating and a $17.00 price target for the company. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.42.

Healthpeak Properties Stock Up 1.1%

Shares of NYSE:DOC opened at $16.86 on Monday. The firm has a market cap of $11.72 billion, a PE ratio of 168.62, a price-to-earnings-growth ratio of 9.04 and a beta of 1.12. The company has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $17.58. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. Healthpeak Properties, Inc. has a 12-month low of $15.71 and a 12-month high of $21.28.

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

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 1,220.00%.

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.