Retirement Systems of Alabama Lowers Stock Position in Healthpeak Properties, Inc. $DOC

Retirement Systems of Alabama reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 544,508 shares of the real estate investment trust’s stock after selling 8,338 shares during the quarter. Retirement Systems of Alabama’s holdings in Healthpeak Properties were worth $9,534,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DOC. Brooklyn Investment Group raised its position in Healthpeak Properties by 198.9% in the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 873 shares during the period. TCTC Holdings LLC raised its position in Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 751 shares during the period. Dagco Inc. bought a new stake in Healthpeak Properties in the first quarter worth about $30,000. GKV Capital Management Co. Inc. bought a new stake in Healthpeak Properties in the first quarter worth about $36,000. Finally, Larson Financial Group LLC raised its position in Healthpeak Properties by 120.6% in the first quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,024 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $17.99 on Monday. The firm has a 50 day moving average of $18.39 and a 200-day moving average of $17.88. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.05. The firm has a market capitalization of $12.50 billion, a P/E ratio of -359.63, a price-to-earnings-growth ratio of 3.84 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. During the same period last year, the business earned $0.45 earnings per share. Healthpeak Properties’s revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is -2,440.00%.

Analyst Ratings Changes

Several brokerages have commented on DOC. Wells Fargo & Company lowered 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 research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, September 15th. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $21.33.

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.