Truist Financial Corp Reduces Stock Holdings in Healthpeak Properties, Inc. $DOC

Truist Financial Corp cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 27.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 317,351 shares of the real estate investment trust’s stock after selling 120,465 shares during the quarter. Truist Financial Corp’s holdings in Healthpeak Properties were worth $5,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOC. 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 purchasing an additional 1,197 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties during the 2nd quarter worth approximately $33,000. Wiser Advisor Group LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth approximately $38,000. AlphaQuest LLC increased its holdings in Healthpeak Properties by 49.2% during the 3rd quarter. AlphaQuest LLC now owns 2,864 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 944 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Healthpeak Properties by 364.0% during the 3rd quarter. Covestor Ltd now owns 3,118 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 2,446 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DOC shares. Wells Fargo & Company restated a “positive” rating on shares of Healthpeak Properties in a report on Tuesday, February 3rd. Citigroup dropped their price objective on Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday. Evercore decreased their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, Argus lowered Healthpeak Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $18.04.

Healthpeak Properties Trading Down 0.2%

NYSE:DOC opened at $19.61 on Monday. Healthpeak Properties, Inc. has a 12-month low of $15.70 and a 12-month high of $19.87. The firm has a market capitalization of $13.52 billion, a P/E ratio of 61.28, a P/E/G ratio of 2.71 and a beta of 1.00. 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 business has a 50 day simple moving average of $17.02 and a 200 day simple moving average of $17.16.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The business had revenue of $752.95 million during the quarter, compared to analyst estimates of $694.59 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.74 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be given a dividend of $0.1017 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties’s payout ratio is currently 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.