Centersquare Investment Management LLC Sells 631,422 Shares of Healthpeak Properties, Inc. $DOC

Centersquare Investment Management LLC lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,127,673 shares of the real estate investment trust’s stock after selling 631,422 shares during the period. Healthpeak Properties accounts for about 2.7% of Centersquare Investment Management LLC’s holdings, making the stock its 12th biggest position. Centersquare Investment Management LLC owned approximately 2.03% of Healthpeak Properties worth $270,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DOC. Mather Group LLC. acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $25,000. City Holding Co. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $26,000. Rexford Capital Inc. bought a new stake in Healthpeak Properties during the 2nd quarter valued at $28,000. Sound Income Strategies LLC bought a new stake in Healthpeak Properties during the 3rd quarter valued at $28,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Healthpeak Properties during the second quarter worth $32,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.4%

Shares of DOC opened at $17.49 on Thursday. Healthpeak Properties, Inc. has a 1-year low of $15.71 and a 1-year high of $21.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.82 and a quick ratio of 2.82. The company has a market capitalization of $12.16 billion, a P/E ratio of 174.91, a P/E/G ratio of 9.26 and a beta of 1.12. The firm’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $17.56.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm 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. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. Healthpeak Properties’s dividend payout ratio is 1,220.00%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent research reports. Robert W. Baird decreased their target price 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. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $21.00 to $17.00 in a report on Monday, December 15th. Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a report on Tuesday, February 3rd. Evercore lowered their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company 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.