Principal Financial Group Inc. Has $358.68 Million Stake in Healthpeak Properties, Inc. $DOC

Principal Financial Group Inc. lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,760,575 shares of the real estate investment trust’s stock after selling 2,005,068 shares during the quarter. Principal Financial Group Inc.’s holdings in Healthpeak Properties were worth $358,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC grew its holdings in Healthpeak Properties by 270.2% in the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares during the period. Advocate Investing Services LLC acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at about $31,000. Clearstead Advisors LLC boosted its position in shares of Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Healthpeak Properties during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 0.1%

Healthpeak Properties stock opened at $20.78 on Friday. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 59.38, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. The firm’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $18.90. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The company had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s payout ratio is currently 348.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $22.00 target price (up from $20.00) on shares of Healthpeak Properties in a research report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Healthpeak Properties in a report on Wednesday, August 5th. Citigroup raised their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday. Scotiabank boosted their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Finally, Mizuho upped their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Hold” and an average price target of $21.44.

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.