M&T Bank Corp Cuts Stake in Healthpeak Properties, Inc. $DOC

Key Points

• M&T Bank Corp cut its stake in Healthpeak Properties by 96.6%, selling 891,142 shares in Q4 and leaving 31,359 shares valued at about $504,000.
• Healthpeak announced a monthly dividend of $0.1017 per share (ex-dividend June 15, paid June 26), implying a 7.4% yield, but it reports a 1,220% payout ratio, raising questions about sustainability.
• The REIT beat quarterly estimates (EPS $0.47 vs. $0.45) and set FY2026 guidance of 1.700–1.740 EPS (analysts expect 1.74), while the consensus analyst rating is Hold with an average target of $18.04.

M&T Bank Corp lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 96.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,359 shares of the real estate investment trust's stock after selling 891,142 shares during the quarter. M&T Bank Corp's holdings in Healthpeak Properties were worth $504,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $25,000. City Holding Co. purchased a new stake in Healthpeak Properties in the third quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties in the second quarter worth $33,000. Wiser Advisor Group LLC bought a new position in Healthpeak Properties in the third quarter worth $38,000. Finally, AlphaQuest LLC raised its holdings in Healthpeak Properties by 49.2% in the third quarter. AlphaQuest LLC now owns 2,864 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DOC. Scotiabank upgraded Healthpeak Properties to a "hold" rating in a report on Thursday, April 23rd. Robert W. Baird reduced their price objective on Healthpeak Properties from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, April 6th. Argus cut Healthpeak Properties from a "buy" rating to a "hold" rating in a research report on Thursday, February 5th. UBS Group began coverage on Healthpeak Properties in a research report on Monday, April 20th. They issued a "neutral" rating and a $17.00 target price on the stock. Finally, Cantor Fitzgerald set a $17.00 price objective on Healthpeak Properties in a research report on Monday, January 5th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $18.04.

Healthpeak Properties Stock Up 1.7%

Shares of DOC opened at $16.44 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21. Healthpeak Properties, Inc. has a 12-month low of $15.70 and a 12-month high of $19.68. The business's 50 day moving average is $16.94 and its 200 day moving average is $17.16. The company has a market capitalization of $11.43 billion, a PE ratio of 164.42, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The business had revenue of $719.40 million for the quarter, compared to the consensus estimate of $685.14 million. During the same quarter in the previous year, the company posted $0.46 EPS. The company's revenue was up 3.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. Research analysts expect that Healthpeak Properties, Inc. will post 1.74 earnings per share 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 dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.4%. Healthpeak Properties's payout ratio is currently 1,220.00%.

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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