Praxis Investment Management Inc. Increases Stock Position in Healthpeak Properties, Inc. $DOC

Praxis Investment Management Inc. increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 50.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,800 shares of the real estate investment trust’s stock after buying an additional 8,680 shares during the period. Praxis Investment Management Inc.’s holdings in Healthpeak Properties were worth $452,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 873 shares in the last quarter. TCTC Holdings LLC boosted its holdings in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 751 shares in the last quarter. S.A. Mason LLC boosted its holdings in Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares in the last quarter. Dagco Inc. purchased a new stake in Healthpeak Properties during the first quarter worth $30,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Healthpeak Properties during the first quarter worth $36,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,930 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the purchase, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. This represents a 1.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 8,783 shares of company stock valued at $150,129 over the last quarter. Company insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Evercore ISI set a $22.00 price objective on shares of Healthpeak Properties in a report on Monday, September 15th. Morgan Stanley decreased their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Healthpeak Properties in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.33.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $18.55 on Friday. The company’s 50-day moving average price is $18.16 and its 200-day moving average price is $17.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The company has a market cap of $12.89 billion, a P/E ratio of 77.27, a P/E/G ratio of 3.16 and a beta of 1.09. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 508.33%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.