Healthpeak Properties, Inc. $DOC Stock Bought by Farmers & Merchants Investments Inc.

Key Points

• Farmers & Merchants Investments increased its Healthpeak Properties stake by 37,243.1% in the third quarter, ending with 145,638 shares valued at approximately $2.9 million. Institutional investors collectively own 93.57% of the company.
• Healthpeak shares opened at $19.25, below their 50-day and 200-day moving averages, while analysts maintain a consensus “Hold” rating with an average price target of $21.60.
• The healthcare REIT reported quarterly revenue of $771.58 million and adjusted earnings above consensus estimates, and declared a monthly dividend of $0.1017 per share, representing a 6.3% annualized yield.

Farmers & Merchants Investments Inc. lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 37,243.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,638 shares of the real estate investment trust's stock after purchasing an additional 145,248 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Healthpeak Properties were worth $2,908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of Healthpeak Properties by 149.5% in the 3rd quarter. Sterling Capital Management LLC now owns 52,064 shares of the real estate investment trust's stock valued at $1,040,000 after acquiring an additional 31,199 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Healthpeak Properties by 5.6% during the 3rd quarter. Inspire Investing LLC now owns 55,635 shares of the real estate investment trust's stock valued at $1,111,000 after acquiring an additional 2,950 shares during the period. Old North State Wealth Management LLC increased its holdings in Healthpeak Properties by 12.1% during the 3rd quarter. Old North State Wealth Management LLC now owns 119,298 shares of the real estate investment trust's stock valued at $2,383,000 after acquiring an additional 12,870 shares in the last quarter. Brookstone Capital Management increased its position in Healthpeak Properties by 59.2% during the third quarter. Brookstone Capital Management now owns 48,181 shares of the real estate investment trust's stock worth $962,000 after buying an additional 17,926 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of Healthpeak Properties by 2.2% during the third quarter. Foster Victor Wealth Advisors LLC now owns 559,418 shares of the real estate investment trust's stock valued at $10,293,000 after buying an additional 11,952 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Down 0.5%

Shares of Healthpeak Properties stock opened at $19.25 on Friday. The business's 50 day simple moving average is $20.07 and its 200 day simple moving average is $19.95. Healthpeak Properties, Inc. has a 52-week low of $15.70 and a 52-week high of $22.95. The firm has a market cap of $13.27 billion, a PE ratio of 54.99, a P/E/G ratio of 2.38 and a beta of 1.01. 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 (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The company had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same quarter last year, the firm posted $0.46 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, analysts predict that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 annualized dividend and a dividend yield of 6.3%. Healthpeak Properties's payout ratio is 348.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOC. Royal Bank Of Canada lifted their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Weiss Ratings lowered shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Jefferies Financial Group reaffirmed a "hold" rating and set a $21.00 price objective (down from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, September 15th. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, October 19th. Finally, UBS Group reduced their price objective on Healthpeak Properties from $21.50 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Hold" and an average target price of $21.60.

About Healthpeak Properties

Healthpeak Properties, Inc NYSE: DOC is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.

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