Vontobel Holding Ltd. Sells 745,857 Shares of Healthpeak Properties, Inc. $DOC

by · The Markets Daily

Vontobel Holding Ltd. lessened its position in shares of Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 92.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,280 shares of the real estate investment trust’s stock after selling 745,857 shares during the quarter. Vontobel Holding Ltd.’s holdings in Healthpeak Properties were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in Healthpeak Properties by 92.3% in the second quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock valued at $1,995,928,000 after acquiring an additional 44,767,085 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Healthpeak Properties during the second quarter worth $234,600,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Healthpeak Properties by 20,832.8% during the second 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 purchasing an additional 6,187,772 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Healthpeak Properties by 60.3% during the first quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock worth $253,949,000 after purchasing an additional 5,815,189 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Healthpeak Properties by 83.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock worth $166,095,000 after purchasing an additional 3,530,429 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 3.0%

NYSE:DOC opened at $18.41 on Tuesday. The company has a market cap of $12.69 billion, a PE ratio of 10.31, a P/E/G ratio of 2.35 and a beta of 1.01. Healthpeak Properties, Inc. has a twelve month low of $15.70 and a twelve month high of $22.95. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $20.21 and its two-hundred day moving average is $19.90.

Healthpeak Properties (NYSE:DOC – Get Free Report) 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 analysts’ consensus estimates 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 net margin of 8.24% and a return on equity of 2.79%. Healthpeak Properties’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 business posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be given a $0.1017 dividend. The ex-dividend date is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a yield of 6.6%. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Wall Street Analyst Weigh In

DOC has been the subject of several analyst reports. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings downgraded Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Robert W. Baird boosted their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. UBS Group reduced their target price on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $21.00 price target (down from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, September 15th. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.60.

Read Our Latest Analysis on Healthpeak Properties

Healthpeak Properties Company Profile

(Free Report)

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.

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