Healthpeak Properties, Inc. $DOC Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 30.2% during the first quarter, Holdings Channel reports. The firm owned 124,453 shares of the real estate investment trust’s stock after selling 53,736 shares during the quarter. Westpac Banking Corp’s holdings in Healthpeak Properties were worth $2,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DOC. Advocate Investing Services LLC purchased a new stake in shares of Healthpeak Properties during the fourth quarter valued at $26,000. WPG Advisers LLC increased its stake in Healthpeak Properties by 270.2% in the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Healthpeak Properties in the 2nd quarter worth about $33,000. Clearstead Advisors LLC raised its holdings in Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,216 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in Healthpeak Properties during the 4th quarter worth about $31,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Healthpeak Properties

In related news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 7,636 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Down 1.9%

NYSE:DOC opened at $22.16 on Thursday. The business’s fifty day moving average price is $20.63 and its 200 day moving average price is $18.39. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 69.27, a PEG ratio of 3.51 and a beta of 1.02. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.77.

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

Healthpeak Properties Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho upped their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Scotiabank lifted their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 27th. Evercore lowered shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target on the stock. in a report on Monday, May 11th. Raymond James Financial began coverage on shares of Healthpeak Properties in a research report on Wednesday, June 17th. They issued a “market perform” rating for the company. Finally, Barclays assumed coverage on shares of Healthpeak Properties in a research note on Tuesday, July 7th. They issued an “equal weight” rating and a $23.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.62.

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.