PNC Financial Services Group Inc. Buys 40,972 Shares of Healthpeak Properties, Inc. $DOC

PNC Financial Services Group Inc. boosted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 41.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 139,711 shares of the real estate investment trust’s stock after purchasing an additional 40,972 shares during the period. PNC Financial Services Group Inc.’s holdings in Healthpeak Properties were worth $2,295,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC increased its holdings in Healthpeak Properties by 270.2% during the 4th quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,197 shares during the period. Advocate Investing Services LLC bought a new position in Healthpeak Properties in the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Healthpeak Properties in the 4th quarter valued at $31,000. Clearstead Advisors LLC grew its position in shares of Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,216 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Healthpeak Properties during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DOC shares. Scotiabank increased their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Evercore lowered Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 target price on the stock. in a research note on Monday, May 11th. Mizuho raised their price target on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Citigroup lifted their price target on Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.62.

Insider Activity

In other news, insider Scott R. Bohn sold 10,989 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total value of $213,736.05. Following the completion of the transaction, the insider directly owned 7,636 shares in the company, valued at approximately $148,520.20. This represents a 59.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $22.45 on Thursday. The company’s fifty day moving average price is $20.92 and its 200-day moving average price is $18.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 70.14, a PEG ratio of 3.54 and a beta of 1.02. Healthpeak Properties, Inc. has a one year low of $15.70 and a one year high of $22.95.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 5.4%. Healthpeak Properties’s payout ratio is 381.25%.

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.