Janney Montgomery Scott LLC Decreases Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Healthpeak Properties, Inc. (DOC) by 3.8%, now owning 807,931 shares valued at approximately $14.15 million.
• Several institutional investors have increased their stakes in Healthpeak, with TCTC Holdings LLC raising its position by 124.3%, highlighting a trend of growing confidence in the company.
• Wells Fargo recently lowered its price target for Healthpeak from $20.00 to $18.00, while maintaining an "equal weight" rating, indicating a cautious outlook from analysts.

Janney Montgomery Scott LLC decreased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 807,931 shares of the real estate investment trust's stock after selling 31,576 shares during the period. Janney Montgomery Scott LLC owned 0.12% of Healthpeak Properties worth $14,147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOC. TCTC Holdings LLC increased its stake in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 751 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 873 shares during the period. S.A. Mason LLC grew its position in shares of Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares during the period. Dagco Inc. bought a new position in shares of Healthpeak Properties during the 1st quarter valued at approximately $30,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Healthpeak Properties during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Morgan Stanley reduced their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.33.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of the firm's 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 transaction, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Stock Up 1.1%

Shares of NYSE:DOC opened at $19.39 on Friday. The firm has a fifty day moving average price of $17.86 and a two-hundred day moving average price of $18.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 80.77, a PEG ratio of 2.47 and a beta of 1.09. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business's quarterly revenue was down .2% on a year-over-year basis. 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. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.1017 per share. The ex-dividend date was Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 6.3%. Healthpeak Properties's dividend payout ratio (DPR) is 508.33%.

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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