Hsbc Holdings PLC Reduces Position in Healthpeak Properties, Inc. $DOC

Key Points

• HSBC Holdings cut its Healthpeak Properties stake by 12.8% in the second quarter, selling 431,633 shares and retaining 2.95 million shares worth approximately $63.3 million. Institutional investors collectively own 93.57% of DOC.
• Analysts maintain a generally cautious outlook, with four Buy ratings and 14 Holds; the consensus rating is Hold with a $21.72 target price. Recent targets from RBC and BMO reached $24.
• Healthpeak exceeded quarterly earnings and revenue expectations, reporting $0.08 EPS and $771.6 million in revenue, with revenue up 11.1% year over year. The REIT also announced a monthly dividend of $0.1017 per share, representing a 5.9% annualized yield.

Hsbc Holdings PLC decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 12.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,952,394 shares of the real estate investment trust's stock after selling 431,633 shares during the period. Hsbc Holdings PLC owned approximately 0.43% of Healthpeak Properties worth $63,263,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DOC. Clearstead Trust LLC boosted its stake in Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust's stock worth $29,000 after buying an additional 543 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Healthpeak Properties in the 4th quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new position in shares of Healthpeak Properties during the 2nd quarter worth $33,000. Clearstead Advisors LLC raised its holdings 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 acquiring an additional 1,216 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in shares of Healthpeak Properties during the 4th quarter worth $31,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Healthpeak Properties from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Royal Bank Of Canada lifted their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Cantor Fitzgerald lifted their target price on shares of Healthpeak Properties from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of Healthpeak Properties from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Monday, June 15th. Finally, Barclays increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, August 31st. Four research 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, the company currently has an average rating of "Hold" and a consensus target price of $21.72.

Healthpeak Properties Price Performance

NYSE:DOC opened at $20.65 on Tuesday. Healthpeak Properties, Inc. has a 52 week low of $15.70 and a 52 week high of $22.95. The stock's fifty day moving average is $21.53 and its two-hundred day moving average is $19.37. The company has a market capitalization of $14.24 billion, a P/E ratio of 59.00, a P/E/G ratio of 2.55 and a beta of 1.01. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to analysts' expectations of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Equities analysts expect that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties's dividend payout ratio (DPR) is 348.57%.

Healthpeak Properties 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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