Assetmark Inc. Acquires 394,813 Shares of Healthpeak Properties, Inc. $DOC

Assetmark Inc. lifted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 8,686.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 399,358 shares of the real estate investment trust’s stock after acquiring an additional 394,813 shares during the period. Assetmark Inc. owned approximately 0.06% of Healthpeak Properties worth $7,648,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DOC. Vanderbilt University purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $1,263,000. Northside Capital Management LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $6,123,000. Baird Financial Group Inc. lifted its position in Healthpeak Properties by 38.5% during the second quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock valued at $7,047,000 after purchasing an additional 111,807 shares during the last quarter. Argent Advisors Inc. bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth $1,536,000. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of Healthpeak Properties by 8,859.2% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 82,425 shares of the real estate investment trust’s stock worth $1,578,000 after purchasing an additional 81,505 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $16.70 on Tuesday. The firm has a market cap of $11.60 billion, a P/E ratio of 166.97, a PEG ratio of 8.96 and a beta of 1.12. Healthpeak Properties, Inc. has a twelve month low of $15.71 and a twelve month high of $21.28. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $16.79 and a 200 day moving average of $17.55.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (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 for the quarter, compared to analysts’ expectations of $685.14 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. As a group, research 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, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is presently 1,220.00%.

Analyst Ratings Changes

Several research firms have issued reports on DOC. The Goldman Sachs Group started coverage on shares of Healthpeak Properties in a research report on Friday, January 9th. They set a “neutral” rating and a $17.00 price target for the company. Argus cut Healthpeak Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $21.00 to $17.00 in a research report on Monday, December 15th. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. Finally, Weiss Ratings raised shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.42.

Healthpeak Properties 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.