Healthpeak Properties (NYSE:DOC) Trading 12.5% Higher on Earnings Beat

Healthpeak Properties, Inc. (NYSE:DOC)’s stock price was up 12.5% on Wednesday following a better than expected earnings announcement. The company traded as high as $18.73 and last traded at $18.57. Approximately 3,077,172 shares were traded during trading, a decline of 65% from the average daily volume of 8,894,225 shares. The stock had previously closed at $16.51.

The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $738.78 million for the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 1,220.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Friday, April 24th. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Scotiabank upgraded shares of Healthpeak Properties to a “hold” rating in a research report on Thursday, April 23rd. Morgan Stanley decreased their price objective on shares of Healthpeak Properties from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Finally, Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Hold” and an average price target of $18.04.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Argent Advisors Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at about $1,536,000. Twin City Private Wealth LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at about $1,148,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Healthpeak Properties by 7.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,935,397 shares of the real estate investment trust’s stock valued at $37,063,000 after buying an additional 126,322 shares during the period. Bank of New York Mellon Corp increased its position in shares of Healthpeak Properties by 8.4% during the third quarter. Bank of New York Mellon Corp now owns 6,754,147 shares of the real estate investment trust’s stock valued at $129,342,000 after buying an additional 525,875 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Healthpeak Properties by 41.0% during the third quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust’s stock valued at $540,730,000 after buying an additional 8,212,504 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average is $16.93 and its 200-day moving average is $17.14. The company has a market cap of $13.08 billion, a PE ratio of 187.46, a PEG ratio of 2.25 and a beta of 1.00.

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.