Healthpeak Properties, Inc. $DOC Shares Sold by Principal Financial Group Inc.

Key Points

• Principal Financial Group sold 303,097 shares in Q4, trimming its stake by 1.1% to 26,681,771 shares (3.84% ownership) worth approximately $429.0 million.
• Analyst sentiment is mixed: the consensus rating is Hold with an average price target of $18.04, while recent notes include downgrades and new neutral coverage from UBS and Goldman Sachs with $17 targets.
• Healthpeak announced a monthly dividend of $0.1017 (payable June 26, record/ex-dividend June 15) implying about a 7.5% yield, and it recently beat quarterly EPS and revenue estimates.

Principal Financial Group Inc. lowered its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,681,771 shares of the real estate investment trust's stock after selling 303,097 shares during the quarter. Principal Financial Group Inc. owned 3.84% of Healthpeak Properties worth $429,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in Healthpeak Properties during the third quarter worth $25,000. City Holding Co. purchased a new stake in Healthpeak Properties during the third quarter worth $26,000. WPG Advisers LLC boosted its holdings in Healthpeak Properties by 270.2% during the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust's stock worth $26,000 after buying an additional 1,197 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties during the second quarter worth $33,000. Finally, Wiser Advisor Group LLC purchased a new stake in Healthpeak Properties during the third quarter worth $38,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DOC. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Saturday. Evercore lowered their price target on shares of Healthpeak Properties from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, February 4th. Argus downgraded shares of Healthpeak Properties from a "buy" rating to a "hold" rating in a report on Thursday, February 5th. UBS Group began coverage on shares of Healthpeak Properties in a report on Monday, April 20th. They set a "neutral" rating and a $17.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of Healthpeak Properties in a report on Friday, January 9th. They set a "neutral" rating and a $17.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.04.

Healthpeak Properties Stock Down 0.8%

Shares of NYSE DOC opened at $16.30 on Tuesday. The company's 50-day simple moving average is $16.94 and its 200-day simple moving average is $17.15. Healthpeak Properties, Inc. has a 52-week low of $15.70 and a 52-week high of $19.68. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 162.97, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. The business had revenue of $719.40 million for the quarter, compared to analyst estimates of $685.14 million. During the same quarter last year, the business earned $0.46 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts predict that Healthpeak Properties, Inc. will post 1.74 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be given a $0.1017 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.5%. Healthpeak Properties's dividend payout ratio (DPR) is 1,220.00%.

Healthpeak Properties Company Profile

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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