DekaBank Deutsche Girozentrale Purchases 52,768 Shares of Healthpeak Properties, Inc. $DOC

DekaBank Deutsche Girozentrale lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 395,393 shares of the real estate investment trust’s stock after buying an additional 52,768 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Healthpeak Properties were worth $6,870,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TCTC Holdings LLC boosted its holdings in Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 751 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Healthpeak Properties by 198.9% in the first 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 during the last quarter. Dagco Inc. bought a new stake in Healthpeak Properties in the first quarter valued at approximately $30,000. GKV Capital Management Co. Inc. bought a new stake in Healthpeak Properties in the first quarter valued at approximately $36,000. Finally, Larson Financial Group LLC boosted its holdings in Healthpeak Properties by 120.6% in the first quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,024 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of DOC opened at $18.75 on Friday. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.12. The business’s fifty day moving average is $18.32 and its 200 day moving average is $17.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a market cap of $13.03 billion, a P/E ratio of -374.95, a P/E/G ratio of 3.16 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.43% and a negative net margin of 1.36%.The company had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. During the same period last year, the business earned $0.45 EPS. Healthpeak Properties’s quarterly revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 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 Tuesday, December 30th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.5%. Healthpeak Properties’s dividend payout ratio (DPR) is 508.33%.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker acquired 2,930 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders acquired 8,783 shares of company stock worth $150,129. 0.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DOC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a report on Friday. Raymond James Financial upgraded Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, September 15th. Morgan Stanley cut 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. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Scotiabank cut Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Healthpeak Properties Company Profile

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.