Vontobel Holding Ltd. Sells 745,857 Shares of Healthpeak Properties, Inc. $DOC

Vontobel Holding Ltd. lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 92.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 58,280 shares of the real estate investment trust’s stock after selling 745,857 shares during the quarter. Vontobel Holding Ltd.’s holdings in Healthpeak Properties were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its position in Healthpeak Properties by 92.3% during the second quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock valued at $1,995,928,000 after purchasing an additional 44,767,085 shares during the period. Bank of New York Mellon Corp grew its position in Healthpeak Properties by 60.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock worth $253,949,000 after purchasing an additional 5,815,189 shares during the period. Bank of America Corp DE grew its position in Healthpeak Properties by 27.5% during the 1st quarter. Bank of America Corp DE now owns 11,887,795 shares of the real estate investment trust’s stock worth $195,316,000 after purchasing an additional 2,563,407 shares during the period. Dimensional Fund Advisors LP grew its position in Healthpeak Properties by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,583,736 shares of the real estate investment trust’s stock worth $173,896,000 after purchasing an additional 290,589 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Healthpeak Properties by 83.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock worth $166,095,000 after purchasing an additional 3,530,429 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $18.41 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a fifty day moving average price of $20.21 and a 200 day moving average price of $19.90. Healthpeak Properties, Inc. has a 1 year low of $15.70 and a 1 year high of $22.95. The stock has a market cap of $12.69 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.35 and a beta of 1.01.

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

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 18th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a yield of 6.6%. Healthpeak Properties’s payout ratio is presently 348.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DOC shares. Robert W. Baird lifted their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Weiss Ratings downgraded Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald raised their target price on Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Healthpeak Properties has a consensus rating of “Hold” and an average price target of $21.60.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.