Healthpeak Properties, Inc. $DOC Stock Position Lessened by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 623,306 shares of the real estate investment trust’s stock after selling 65,535 shares during the period. DAVENPORT & Co LLC owned approximately 0.09% of Healthpeak Properties worth $10,024,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Argus lowered shares of Healthpeak Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Evercore cut their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $21.00 to $17.00 in a research note on Monday, December 15th. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Finally, Wall Street Zen raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.42.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $16.81 on Thursday. Healthpeak Properties, Inc. has a twelve month low of $15.71 and a twelve month high of $20.52. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average of $17.25 and a two-hundred day moving average of $17.53. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 168.16, a PEG ratio of 8.94 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data 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 net margin of 2.52% and a return on equity of 0.84%. The company had revenue of $719.40 million for the quarter, compared to analysts’ expectations of $685.14 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. As a group, analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 7.3%. Healthpeak Properties’s dividend payout ratio is currently 1,220.00%.

About Healthpeak Properties

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.