Douglas Lane & Associates LLC Sells 407,715 Shares of Healthpeak Properties, Inc. $DOC

Douglas Lane & Associates LLC trimmed its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 14.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,441,421 shares of the real estate investment trust’s stock after selling 407,715 shares during the period. Douglas Lane & Associates LLC’s holdings in Healthpeak Properties were worth $49,736,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DOC. GAMMA Investing LLC increased its holdings in Healthpeak Properties by 196.2% in the third quarter. GAMMA Investing LLC now owns 53,118 shares of the real estate investment trust’s stock valued at $1,061,000 after buying an additional 35,185 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Healthpeak Properties by 393.2% in the third quarter. Farther Finance Advisors LLC now owns 123,454 shares of the real estate investment trust’s stock valued at $2,465,000 after buying an additional 98,423 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Healthpeak Properties by 196.9% during the 3rd quarter. CoreCap Advisors LLC now owns 7,339 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 4,867 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in Healthpeak Properties by 1,450.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,294 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 2,146 shares during the last quarter. Finally, American National Bank & Trust boosted its position in shares of Healthpeak Properties by 257.6% during the 3rd quarter. American National Bank & Trust now owns 3,272 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 2,357 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. Raymond James Financial started coverage on Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating on the stock. BMO Capital Markets upped their price target on Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 price objective (up from $20.00) on shares of Healthpeak Properties in a report on Thursday, June 11th. Citigroup boosted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird upped their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties has an average rating of “Hold” and an average price target of $22.10.

Healthpeak Properties Stock Performance

NYSE DOC traded up $0.27 on Friday, reaching $18.79. The stock had a trading volume of 1,436,532 shares, compared to its average volume of 7,803,052. The stock has a market cap of $12.95 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Healthpeak Properties, Inc. has a 12-month low of $15.70 and a 12-month high of $22.95. The business’s 50-day moving average price is $20.58 and its 200 day moving average price is $19.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 18th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 annualized dividend and a yield of 6.5%. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Healthpeak Properties Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.