Advisors Capital Management LLC Acquires 34,929 Shares of Healthpeak Properties, Inc. $DOC

Advisors Capital Management LLC boosted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,439,624 shares of the real estate investment trust’s stock after purchasing an additional 34,929 shares during the quarter. Advisors Capital Management LLC owned about 0.21% of Healthpeak Properties worth $23,149,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DOC. Vanderbilt University bought a new stake in Healthpeak Properties during the third quarter worth $1,263,000. Argent Advisors Inc. bought a new stake in Healthpeak Properties during the third quarter worth $1,536,000. Twin City Private Wealth LLC bought a new stake in Healthpeak Properties during the third quarter worth $1,148,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Healthpeak Properties by 7.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,935,397 shares of the real estate investment trust’s stock worth $37,063,000 after acquiring an additional 126,322 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Healthpeak Properties by 8.4% during the third quarter. Bank of New York Mellon Corp now owns 6,754,147 shares of the real estate investment trust’s stock worth $129,342,000 after acquiring an additional 525,875 shares during the period. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $16.43 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.82 and a current ratio of 2.82. Healthpeak Properties, Inc. has a 52-week low of $15.71 and a 52-week high of $19.68. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 164.28, a PEG ratio of 2.26 and a beta of 1.10. The business’s fifty day moving average is $17.01 and its 200 day moving average is $17.22.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The business had revenue of $719.40 million during the quarter, compared to analysts’ expectations of $685.14 million. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’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. Research analysts predict that Healthpeak Properties, Inc. will post 1.74 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s payout ratio is presently 1,220.00%.

Analysts Set New Price Targets

Several analysts have issued reports on DOC shares. Argus lowered Healthpeak Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. UBS Group started coverage on Healthpeak Properties in a research note on Monday, April 20th. They issued a “neutral” rating and a $17.00 target price on the stock. Robert W. Baird lowered their target price on Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Finally, Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $19.04.

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.