Farther Finance Advisors LLC Has $869,000 Position in Healthpeak Properties, Inc. $DOC

Farther Finance Advisors LLC grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 219.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,385 shares of the real estate investment trust’s stock after buying an additional 31,186 shares during the quarter. Farther Finance Advisors LLC’s holdings in Healthpeak Properties were worth $869,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rexford Capital Inc. bought a new stake in Healthpeak Properties during the 2nd quarter worth about $28,000. Sound Income Strategies LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $28,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Healthpeak Properties in the second quarter valued at approximately $33,000. Finally, AlphaQuest LLC bought a new position in Healthpeak Properties in the 2nd quarter worth approximately $34,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

Shares of DOC opened at $16.05 on Tuesday. The stock has a market cap of $11.15 billion, a P/E ratio of -320.90, a price-to-earnings-growth ratio of 4.08 and a beta of 1.11. Healthpeak Properties, Inc. has a 1 year low of $15.71 and a 1 year high of $21.28. The stock’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $17.76. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results 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 return on equity of 0.44% and a negative net margin of 1.36%.The company had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. During the same period in the prior year, the business posted $0.45 EPS. Healthpeak Properties’s 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 analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is currently -2,440.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DOC. Robert W. Baird decreased their price objective on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Raymond James Financial upgraded Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, September 15th. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $21.00 to $17.00 in a research report on Monday, December 15th. Cantor Fitzgerald assumed coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Evercore ISI lowered their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $20.18.

Healthpeak Properties 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.