Bank of New York Mellon Corp Trims Stock Holdings in Healthpeak Properties, Inc. $DOC

Key Points

• Bank of New York Mellon reduced its Healthpeak Properties stake by 1.4% in the second quarter, selling 221,765 shares and retaining 15.23 million shares worth approximately $326 million. Institutional investors collectively own 93.57% of DOC.
• Analysts have raised several price targets to $24, but the consensus rating remains “Hold”, with an average target of $21.66.
• Healthpeak exceeded quarterly estimates, reporting $0.08 in EPS and $771.6 million in revenue, up 11.1% year over year. The REIT also declared a monthly dividend of $0.1017 per share, implying a 5.7% annualized yield.

Bank of New York Mellon Corp lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,234,655 shares of the real estate investment trust's stock after selling 221,765 shares during the period. Bank of New York Mellon Corp owned about 2.21% of Healthpeak Properties worth $326,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOC. Clearstead Trust LLC increased its position in Healthpeak Properties by 66.7% in the second 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. 111 Capital bought a new position in Healthpeak Properties during the second quarter valued at $224,000. Carret Asset Management LLC grew its stake in shares of Healthpeak Properties by 3.6% in the 2nd quarter. Carret Asset Management LLC now owns 35,909 shares of the real estate investment trust's stock worth $768,000 after buying an additional 1,250 shares in the last quarter. Chilton Capital Management LLC increased its holdings in shares of Healthpeak Properties by 15.8% in the 2nd quarter. Chilton Capital Management LLC now owns 426,708 shares of the real estate investment trust's stock worth $9,132,000 after buying an additional 58,285 shares during the last quarter. Finally, Choreo LLC increased its holdings in shares of Healthpeak Properties by 3.7% in the 2nd quarter. Choreo LLC now owns 60,662 shares of the real estate investment trust's stock worth $1,298,000 after buying an additional 2,153 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

DOC has been the subject of a number of recent research reports. Robert W. Baird lifted 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. Scotiabank raised their price target on Healthpeak Properties from $19.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Sunday, May 10th. Royal Bank Of Canada increased 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, August 10th. Finally, BMO Capital Markets raised their target price on shares of Healthpeak Properties from $20.00 to $24.00 and gave the stock an "outperform" rating in a report on Monday, June 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 stock has a consensus rating of "Hold" and an average price target of $21.66.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $21.40 on Friday. 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, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The stock has a market capitalization of $14.76 billion, a PE ratio of 61.14, a P/E/G ratio of 2.48 and a beta of 1.01. The company has a fifty day moving average of $21.38 and a two-hundred day moving average of $19.02.

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

Healthpeak Properties Dividend Announcement

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