Adelante Capital Management LLC Buys Shares of 1,009,623 Healthpeak Properties, Inc. $DOC

Key Points

• Adelante Capital Management purchased 1,009,623 shares of Healthpeak Properties, valued at approximately $21.6 million, making DOC its 22nd-largest holding and representing about 0.15% of the REIT.
• Healthpeak reported quarterly earnings of $0.08 per share, beating estimates by $0.05, while revenue rose 11.1% year over year to $771.6 million. The company set fiscal 2026 EPS guidance at $1.73–$1.77.
• Analysts remain cautious, with a consensus rating of Hold and an average price target of $21.66. Healthpeak also announced a monthly dividend of $0.1017 per share, implying a 5.7% annualized yield.

Adelante Capital Management LLC purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,009,623 shares of the real estate investment trust's stock, valued at approximately $21,605,000. Healthpeak Properties makes up 1.4% of Adelante Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. Adelante Capital Management LLC owned about 0.15% of Healthpeak Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advocate Investing Services LLC purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth $26,000. Clearstead Trust LLC boosted its stake in 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 valued at $29,000 after buying an additional 543 shares during the period. Elyxium Wealth LLC purchased a new position in Healthpeak Properties during the fourth quarter worth about $31,000. Clearstead Advisors LLC increased its stake in Healthpeak Properties by 166.3% in the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 1,216 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Healthpeak Properties in the 2nd quarter worth about $33,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOC. Raymond James Financial started coverage on shares of Healthpeak Properties in a research report on Wednesday, June 17th. They set a "market perform" rating for the company. Evercore downgraded shares of Healthpeak Properties from an "outperform" rating to an "in-line" rating and set a $21.00 price objective for the company. in a report on Monday, May 11th. Wall Street Zen upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Sunday, May 10th. Robert W. Baird increased their target price on Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.66.

Healthpeak Properties Stock Down 0.6%

NYSE:DOC opened at $21.54 on Thursday. The firm's 50-day moving average price is $21.48 and its 200-day moving average price is $19.14. The company has a market capitalization of $14.85 billion, a PE ratio of 61.54, a P/E/G ratio of 2.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. The company had revenue of $771.58 million for the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The firm's quarterly revenue 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. On average, equities analysts predict that Healthpeak Properties, Inc. will post 1.77 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be issued a $0.1017 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 5.7%. Healthpeak Properties's dividend payout ratio (DPR) is currently 348.57%.

About Healthpeak Properties

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.

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