Healthpeak Properties (NYSE:DOC) Hits New 1-Year High – Here’s Why

Healthpeak Properties, Inc. (NYSE:DOC) reached a new 52-week high during trading on Wednesday . The company traded as high as $22.77 and last traded at $22.4450, with a volume of 147913 shares. The stock had previously closed at $22.60.

Wall Street Analyst Weigh In

DOC has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. BMO Capital Markets lifted their target price on shares of Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Citigroup upped their target price on shares of Healthpeak Properties from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird increased their price target on Healthpeak Properties from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.62.

Healthpeak Properties Trading Down 0.5%

The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $15.22 billion, a PE ratio of 68.99, a PEG ratio of 3.45 and a beta of 1.02. The stock has a fifty day moving average of $20.68 and a 200 day moving average of $18.43.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $752.95 million during the quarter, compared to analyst estimates of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be given a dividend of $0.1017 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. Healthpeak Properties’s dividend payout ratio is currently 381.25%.

Insiders Place Their Bets

In related news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the completion of the transaction, the insider directly owned 7,636 shares of the company’s stock, valued at approximately $148,520.20. This trade represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tema ETFs LLC grew its position in shares of Healthpeak Properties by 10.4% during the second quarter. Tema ETFs LLC now owns 13,913 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 1,305 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Healthpeak Properties by 34.1% in the second quarter. Handelsbanken Fonder AB now owns 327,900 shares of the real estate investment trust’s stock worth $7,017,000 after purchasing an additional 83,400 shares during the last quarter. HF Advisory Group LLC lifted its position in shares of Healthpeak Properties by 9.2% in the second quarter. HF Advisory Group LLC now owns 130,432 shares of the real estate investment trust’s stock worth $2,791,000 after buying an additional 10,942 shares in the last quarter. MFG Wealth Management Inc. lifted its position in shares of Healthpeak Properties by 4.1% in the second quarter. MFG Wealth Management Inc. now owns 98,254 shares of the real estate investment trust’s stock worth $2,103,000 after buying an additional 3,830 shares in the last quarter. Finally, Czech National Bank boosted its stake in Healthpeak Properties by 3.7% during the second quarter. Czech National Bank now owns 196,235 shares of the real estate investment trust’s stock valued at $4,199,000 after buying an additional 6,943 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

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.