Lee Danner & Bass Inc. Decreases Position in Healthpeak Properties, Inc. $DOC

Lee Danner & Bass Inc. decreased its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 21.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 35,312 shares of the real estate investment trust’s stock after selling 9,650 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Healthpeak Properties were worth $618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC boosted its position in shares of 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 worth $27,000 after buying an additional 751 shares during the period. 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 purchasing an additional 873 shares during the last quarter. Dagco Inc. purchased a new position in Healthpeak Properties in the first quarter valued at about $30,000. AlphaQuest LLC purchased a new position in Healthpeak Properties in the second quarter valued at about $34,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Healthpeak Properties in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the acquisition, the chief executive officer directly owned 210,416 shares of the company’s stock, valued at $3,589,696.96. This represents a 1.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 8,783 shares of company stock valued at $150,129. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wells Fargo & Company cut their price objective on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Raymond James Financial upgraded Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Monday, September 15th. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research note on Monday, September 15th. Finally, Cantor Fitzgerald started coverage on Healthpeak Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Healthpeak Properties Stock Up 1.1%

Shares of Healthpeak Properties stock opened at $18.75 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $18.32 and its 200-day simple moving average is $17.91. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of -374.95, a PEG ratio of 3.16 and a beta of 1.09. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.12.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative return on equity of 0.43% and a negative net margin of 1.36%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio is 508.33%.

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.