Northside Capital Management LLC Takes Position in Healthpeak Properties, Inc. $DOC

Northside Capital Management LLC acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the third quarter, Holdings Channel reports. The fund acquired 319,758 shares of the real estate investment trust’s stock, valued at approximately $6,123,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 valued at $27,000 after purchasing an additional 873 shares during the period. Rexford Capital Inc. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in Healthpeak Properties in the 2nd quarter valued at about $32,000. CYBER HORNET ETFs LLC acquired a new position in Healthpeak Properties in the second quarter valued at about $33,000. Finally, AlphaQuest LLC purchased a new position in Healthpeak Properties during the second quarter worth about $34,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 1.7%

DOC stock opened at $16.38 on Wednesday. The company’s 50 day moving average price is $17.78 and its 200 day moving average price is $17.84. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of -327.43, a PEG ratio of 4.22 and a beta of 1.11. Healthpeak Properties, Inc. has a fifty-two week low of $16.31 and a fifty-two week high of $21.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.22 and a current ratio of 1.22.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $681.65 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. Healthpeak Properties’s payout ratio is presently -2,440.00%.

Analysts Set New Price Targets

DOC has been the subject of several research reports. Cantor Fitzgerald initiated coverage on shares of Healthpeak Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Evercore ISI cut their price objective on Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday. Jefferies Financial Group cut Healthpeak Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $21.00 to $17.00 in a report on Monday. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Finally, Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.18.

Healthpeak Properties 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.