Baird Financial Group Inc. Acquires 103,308 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Baird Financial Group increased its Healthpeak Properties stake by 17% in the second quarter, adding 103,308 shares to own 709,918 shares valued at approximately $15.2 million. Institutional investors collectively own 93.57% of DOC.
• Analysts remain cautious overall, with a consensus “Hold” rating and an average price target of $21.72, despite several firms raising their targets to between $21.00 and $24.00.
• Healthpeak exceeded quarterly earnings and revenue expectations, reporting $0.08 EPS on $771.58 million in revenue, while declaring a monthly $0.1017 dividend yielding about 6.0%.

Baird Financial Group Inc. raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,918 shares of the real estate investment trust's stock after purchasing an additional 103,308 shares during the quarter. Baird Financial Group Inc. owned 0.10% of Healthpeak Properties worth $15,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DOC. Advocate Investing Services LLC acquired a new position in Healthpeak Properties during the fourth quarter worth $26,000. Clearstead Trust LLC grew its holdings in shares of Healthpeak Properties by 66.7% in the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 543 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth about $31,000. Clearstead Advisors LLC increased its position in shares of Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 1,216 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Healthpeak Properties during the 2nd quarter valued at about $33,000. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Scotiabank boosted their price target on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 27th. Royal Bank Of Canada raised their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Mizuho lifted their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, July 6th. Raymond James Financial started coverage on Healthpeak Properties in a report on Wednesday, June 17th. They issued a "market perform" rating on the stock. Finally, UBS Group increased their price target on Healthpeak Properties from $19.00 to $21.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $21.72.

Healthpeak Properties Trading Down 0.3%

DOC opened at $20.32 on Friday. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95. The stock has a market capitalization of $14.01 billion, a PE ratio of 58.04, a PEG ratio of 2.50 and a beta of 1.01. 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 firm has a 50-day moving average price of $21.42 and a two-hundred day moving average price of $19.45.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The company 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current fiscal 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 given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, September 14th. Healthpeak Properties's dividend payout ratio (DPR) is presently 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.

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