Employees Retirement System of Texas Sells 123,391 Shares of Healthpeak Properties, Inc. $DOC

Employees Retirement System of Texas decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 23.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 396,633 shares of the real estate investment trust’s stock after selling 123,391 shares during the quarter. Employees Retirement System of Texas owned 0.06% of Healthpeak Properties worth $6,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Brooklyn Investment Group lifted its position in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 873 shares in the last quarter. TCTC Holdings LLC lifted its holdings in shares of Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 751 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Healthpeak Properties during the first quarter valued at $30,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Healthpeak Properties during the first quarter valued at $36,000. Finally, AlphaQuest LLC bought a new stake in Healthpeak Properties in the 2nd quarter worth about $34,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Up 0.6%

DOC opened at $18.23 on Thursday. The firm’s 50 day simple moving average is $18.28 and its two-hundred day simple moving average is $17.84. The company has a market capitalization of $12.67 billion, a PE ratio of -364.43, a PEG ratio of 3.84 and a beta of 1.10. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $22.71. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. During the same period in the prior year, the business posted $0.45 EPS. Healthpeak Properties’s revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 6.7%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

Analysts Set New Price Targets

Several research firms have issued reports on DOC. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Morgan Stanley lowered their price target on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Wells Fargo & Company lifted their price objective on Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.91.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.