Citigroup Inc. Sells 87,213 Shares of Healthpeak Properties, Inc. $DOC

Citigroup Inc. lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,663 shares of the real estate investment trust’s stock after selling 87,213 shares during the period. Citigroup Inc. owned about 0.18% of Healthpeak Properties worth $23,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in Healthpeak Properties in the 3rd quarter valued at about $25,000. City Holding Co. bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $26,000. Rexford Capital Inc. purchased a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $28,000. Sound Income Strategies LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $28,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Healthpeak Properties during the second quarter worth $32,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Healthpeak Properties in a research note on Friday, January 9th. They issued a “neutral” rating and a $17.00 price objective for the company. Robert W. Baird reduced their price target 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. Weiss Ratings raised shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.42.

Healthpeak Properties Price Performance

DOC opened at $17.51 on Friday. The firm has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.56. 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 market capitalization of $12.17 billion, a price-to-earnings ratio of 175.12, a PEG ratio of 9.37 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data 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 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 period last year, the firm earned $0.46 EPS. Healthpeak Properties’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. Equities analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

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

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.