128,648 Shares in Healthpeak Properties, Inc. $DOC Purchased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management purchased 128,648 shares of Healthpeak Properties during the third quarter, valued at approximately $2.57 million. Institutional investors collectively own 93.57% of the REIT.
• Healthpeak reported quarterly revenue of $771.58 million, up 11.1% year over year and above analyst expectations, while earnings per share of $0.08 exceeded estimates by $0.05.
• The company declared a monthly dividend of $0.1017 per share, equivalent to an annualized $1.22 payout and a 6.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $21.60.

Axxcess Wealth Management LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 128,648 shares of the real estate investment trust's stock, valued at approximately $2,569,000.

Several other large investors have also recently modified their holdings of DOC. OneDigital Investment Advisors LLC grew its position in shares of Healthpeak Properties by 3.3% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 15,376 shares of the real estate investment trust's stock valued at $329,000 after buying an additional 493 shares during the last quarter. Clearstead Trust LLC increased its position in shares of Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust's stock worth $29,000 after buying an additional 543 shares during the period. CX Institutional increased its position in shares of Healthpeak Properties by 6.1% during the second quarter. CX Institutional now owns 11,003 shares of the real estate investment trust's stock worth $235,000 after buying an additional 633 shares during the period. Quantum Portfolio Management LLC grew its holdings in Healthpeak Properties by 2.5% during the 1st quarter. Quantum Portfolio Management LLC now owns 29,372 shares of the real estate investment trust's stock worth $483,000 after acquiring an additional 728 shares during the period. Finally, Intrua Financial LLC raised its position in shares of Healthpeak Properties by 1.1% in the 1st quarter. Intrua Financial LLC now owns 66,702 shares of the real estate investment trust's stock worth $1,096,000 after acquiring an additional 744 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Up 4.7%

NYSE DOC opened at $19.35 on Friday. The firm has a market capitalization of $13.34 billion, a P/E ratio of 10.04, a PEG ratio of 2.29 and a beta of 1.01. The business has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $19.95. Healthpeak Properties, Inc. has a 12 month low of $15.70 and a 12 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.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%. The business had revenue of $771.58 million for the quarter, compared to analysts' expectations of $725.64 million. During the same period last year, the business earned $0.46 EPS. The business's revenue was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.77 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be given a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties's dividend payout ratio (DPR) is presently 348.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Weiss Ratings lowered shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday. Finally, Barclays dropped their price objective on shares of Healthpeak Properties from $24.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.60.

Healthpeak Properties Profile

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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