Voya Investment Management LLC Sells 124,535 Shares of Healthpeak Properties, Inc. $DOC

Voya Investment Management LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 33.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 252,360 shares of the real estate investment trust’s stock after selling 124,535 shares during the quarter. Voya Investment Management LLC’s holdings in Healthpeak Properties were worth $4,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOC. Rexford Capital Inc. bought a new position in Healthpeak Properties in the second quarter worth approximately $28,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Healthpeak Properties in the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Healthpeak Properties in the 2nd quarter worth $33,000. AlphaQuest LLC bought a new position in shares of Healthpeak Properties in the 2nd quarter worth $34,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Healthpeak Properties during the 2nd quarter worth $34,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Performance

DOC opened at $16.01 on Friday. The company has a market cap of $11.13 billion, a P/E ratio of -320.14, a price-to-earnings-growth ratio of 4.06 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $17.47 and its 200-day moving average price is $17.77. Healthpeak Properties, Inc. has a 52-week low of $15.71 and a 52-week high of $21.28.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company had revenue of $705.87 million for the quarter, compared to the consensus estimate of $681.65 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Healthpeak Properties’s 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. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. Healthpeak Properties’s payout ratio is -2,440.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOC. Cantor Fitzgerald started coverage on Healthpeak Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price on the stock. Robert W. Baird lowered their price target on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Wells Fargo & Company boosted their price objective on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Jefferies Financial Group cut shares of Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their target price for the company from $21.00 to $17.00 in a research report on Monday, December 15th. Finally, Raymond James Financial raised shares of 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. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $20.18.

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.