The Manufacturers Life Insurance Company Has $14.17 Million Stock Holdings in Healthpeak Properties, Inc. $DOC

The Manufacturers Life Insurance Company lowered its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 662,019 shares of the real estate investment trust’s stock after selling 40,882 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.10% of Healthpeak Properties worth $14,167,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System grew its stake in Healthpeak Properties by 2,010.5% during the second quarter. California State Teachers Retirement System now owns 17,298,776 shares of the real estate investment trust’s stock worth $370,194,000 after buying an additional 16,479,106 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Healthpeak Properties in the second quarter valued at approximately $234,600,000. Norges Bank bought a new position in shares of Healthpeak Properties in the fourth quarter valued at approximately $153,550,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Healthpeak Properties by 694.6% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,016,692 shares of the real estate investment trust’s stock worth $153,520,000 after acquiring an additional 7,007,777 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Healthpeak Properties by 20,832.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,217,474 shares of the real estate investment trust’s stock worth $133,054,000 after acquiring an additional 6,187,772 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DOC. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target (up from $20.00) on shares of Healthpeak Properties in a report on Thursday, June 11th. Scotiabank boosted their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th. Robert W. Baird increased their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Raymond James Financial started coverage on Healthpeak Properties in a research note on Wednesday, June 17th. They issued a “market perform” rating for the company. Finally, Cantor Fitzgerald lifted their price target on Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.72.

Healthpeak Properties Stock Down 0.3%

NYSE DOC opened at $20.32 on Friday. The stock has a fifty day moving average of $21.42 and a 200-day moving average of $19.45. The stock has a market capitalization of $14.01 billion, a P/E ratio of 58.04, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. Healthpeak Properties, Inc. has a 52 week low of $15.70 and a 52 week high of $22.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $771.58 million for the quarter, compared to analyst estimates of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s payout ratio is currently 348.57%.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. The company focuses primarily on outpatient medical buildings, which are leased to healthcare providers, physician groups and other medical users.

Healthpeak’s portfolio also includes life science and senior housing properties, although its business has increasingly centered on outpatient medical real estate. Its properties are generally located in established healthcare markets and are designed to support services such as physician offices, specialty care, diagnostics and ambulatory treatment.

The company was formerly known as HCP, Inc and adopted the Healthpeak Properties name in 2019.