Healthpeak Properties, Inc. $DOC Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Healthpeak Properties stake by 393.2% in the third quarter, adding 98,423 shares for a total position of 123,454 shares valued at approximately $2.47 million. Institutional investors and hedge funds own 93.57% of DOC shares.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $22.10; four analysts recommend buying while fourteen recommend holding.
• Healthpeak reported quarterly EPS of $0.08, exceeding estimates of $0.03, while revenue rose 11.1% year over year to $771.58 million. The company also declared a monthly dividend of $0.1017 per share, representing a 6.4% annualized yield.

Farther Finance Advisors LLC grew its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 393.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 123,454 shares of the real estate investment trust's stock after acquiring an additional 98,423 shares during the period. Farther Finance Advisors LLC's holdings in Healthpeak Properties were worth $2,465,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DOC. CoreCap Advisors LLC lifted its stake in Healthpeak Properties by 196.9% during the 3rd quarter. CoreCap Advisors LLC now owns 7,339 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 4,867 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Healthpeak Properties by 1,450.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,294 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,146 shares during the period. American National Bank & Trust raised its position in Healthpeak Properties by 257.6% in the 3rd quarter. American National Bank & Trust now owns 3,272 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 2,357 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Healthpeak Properties by 1,481.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 49,801 shares of the real estate investment trust's stock valued at $995,000 after buying an additional 46,652 shares during the period. Finally, Parrish Capital LLC grew its position in shares of Healthpeak Properties by 7.0% during the third quarter. Parrish Capital LLC now owns 42,626 shares of the real estate investment trust's stock worth $851,000 after buying an additional 2,790 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DOC. Weiss Ratings cut shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. BMO Capital Markets increased their target price on Healthpeak Properties from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Monday, June 15th. Raymond James Financial began coverage on Healthpeak Properties in a research note on Wednesday, June 17th. They issued a "market perform" rating on the stock. Jefferies Financial Group reaffirmed a "hold" rating and set a $21.00 price target (down from $22.00) on shares of Healthpeak Properties in a report on Tuesday, September 15th. Finally, Barclays lifted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.10.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.95 on Tuesday. 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 market cap of $13.06 billion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The company's 50 day simple moving average is $20.47 and its 200-day simple moving average is $19.83. Healthpeak Properties, Inc. has a 12-month low of $15.70 and a 12-month high of $22.95.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $771.58 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, equities analysts predict that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be paid a dividend of $0.1017 per share. The ex-dividend date is Friday, December 18th. This represents a $1.22 annualized dividend and a dividend yield of 6.4%. Healthpeak Properties's dividend payout ratio is 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. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company's outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.

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