Healthpeak Properties, Inc. $DOC Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC reduced its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 11.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,768,642 shares of the real estate investment trust’s stock after selling 1,222,659 shares during the period. Healthpeak Properties makes up about 2.1% of Cullen Capital Management LLC’s holdings, making the stock its 17th largest holding. Cullen Capital Management LLC’s holdings in Healthpeak Properties were worth $209,049,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Advocate Investing Services LLC acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at $26,000. Clearstead Trust LLC increased its holdings in shares of Healthpeak Properties by 66.7% in the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 543 shares during the period. Elyxium Wealth LLC bought a new stake in Healthpeak Properties in the 4th quarter valued at about $31,000. Clearstead Advisors LLC lifted its position in Healthpeak Properties by 166.3% in the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,216 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Healthpeak Properties in the 2nd quarter valued at about $33,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $21.62 on Tuesday. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The firm’s 50-day simple moving average is $21.41 and its 200 day simple moving average is $19.07. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06. The stock has a market cap of $14.91 billion, a P/E ratio of 61.77, a P/E/G ratio of 2.50 and a beta of 1.01.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $771.58 million during the quarter, compared to analyst estimates of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. Healthpeak Properties’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Equities analysts expect that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Announces Dividend

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 paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Robert W. Baird lifted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Mizuho lifted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Raymond James Financial began coverage on Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties has a consensus rating of “Hold” and a consensus price target of $21.66.

Healthpeak Properties Company 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.