Jackson Hole Capital Partners LLC Purchases 31,151 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Jackson Hole Capital Partners LLC increased its holdings in Healthpeak Properties, Inc. by 24.0%, acquiring an additional 31,151 shares during the second quarter, bringing its total ownership to 160,905 shares.
• Healthpeak Properties reported quarterly earnings of $0.46 per share, exceeding analyst estimates, and its revenue reached $705.87 million for the quarter.
• The company declared a monthly dividend of $0.1017 per share, which yields approximately 6.6%, with the ex-dividend date set for December 19th.

Jackson Hole Capital Partners LLC lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,905 shares of the real estate investment trust's stock after acquiring an additional 31,151 shares during the period. Jackson Hole Capital Partners LLC's holdings in Healthpeak Properties were worth $2,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group boosted its holdings in Healthpeak Properties by 198.9% in the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 873 shares during the last quarter. TCTC Holdings LLC boosted its holdings in Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 751 shares during the last quarter. Dagco Inc. purchased a new stake in Healthpeak Properties in the first quarter worth approximately $30,000. GKV Capital Management Co. Inc. purchased a new stake in Healthpeak Properties in the first quarter worth approximately $36,000. Finally, Larson Financial Group LLC boosted its holdings in Healthpeak Properties by 120.6% in the first quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,024 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Down 0.4%

Shares of Healthpeak Properties stock opened at $18.54 on Friday. The company's fifty day simple moving average is $18.29 and its 200-day simple moving average is $17.90. The stock has a market capitalization of $12.89 billion, a PE ratio of 77.27, a P/E/G ratio of 3.17 and a beta of 1.09. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $705.87 million for the quarter, compared to analysts' expectations of $681.65 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 8,783 shares of company stock worth $150,129. Company insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DOC shares. Weiss Ratings restated a "hold (c-)" rating on shares of Healthpeak Properties in a report on Wednesday, October 8th. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a report on Wednesday, October 1st. They issued a "neutral" rating and a $20.00 target price on the stock. Evercore ISI set a $22.00 target price on shares of Healthpeak Properties in a report on Monday, September 15th. Finally, Morgan Stanley dropped their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.33.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.

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