Bank of New York Mellon Corp Reduces Position in Healthpeak Properties, Inc. $DOC

Bank of New York Mellon Corp trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,228,272 shares of the real estate investment trust’s stock after selling 68,126 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.90% of Healthpeak Properties worth $109,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. TCTC Holdings LLC raised its stake 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 valued at $27,000 after buying an additional 751 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Healthpeak Properties by 198.9% during the 1st 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 in the last quarter. Dagco Inc. purchased a new position in shares of Healthpeak Properties in the 1st quarter valued at about $30,000. AlphaQuest LLC acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth about $34,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Healthpeak Properties during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.5%

Shares of DOC stock opened at $17.82 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $18.38 and its two-hundred day moving average is $17.86. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.05. The company has a market capitalization of $12.38 billion, a P/E ratio of -356.23, a price-to-earnings-growth ratio of 3.84 and a beta of 1.10.

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

Healthpeak Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on DOC. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Scotiabank downgraded Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Evercore ISI set a $22.00 price target on Healthpeak Properties in a research report on Monday, September 15th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.91.

About Healthpeak Properties

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.