NorthCrest Asset Manangement LLC Acquires 111,426 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• NorthCrest Asset Management acquired 111,426 Healthpeak Properties shares worth approximately $2.23 million during the third quarter. Institutional investors collectively own 93.57% of the REIT’s stock.
• Healthpeak reported quarterly EPS of $0.08, exceeding the $0.03 analyst consensus, while revenue rose 11.1% year over year to $771.58 million. The company’s FY 2026 EPS guidance is $1.73–$1.77.
• The REIT declared a monthly dividend of $0.1017 per share, equivalent to $1.22 annually and a 6.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $21.80, compared with the stock’s $18.98 opening price.

NorthCrest Asset Manangement LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 111,426 shares of the real estate investment trust's stock, valued at approximately $2,225,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mirador Capital Partners LP increased its stake in shares of Healthpeak Properties by 2.2% in the 3rd quarter. Mirador Capital Partners LP now owns 69,898 shares of the real estate investment trust's stock valued at $1,396,000 after buying an additional 1,500 shares during the period. GK Wealth Management LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $42,000. Wedmont Private Capital bought a new stake in shares of Healthpeak Properties during the third quarter worth $678,000. GAMMA Investing LLC lifted its stake in shares of Healthpeak Properties by 196.2% during the third quarter. GAMMA Investing LLC now owns 53,118 shares of the real estate investment trust's stock valued at $1,061,000 after acquiring an additional 35,185 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Healthpeak Properties by 393.2% during the third quarter. Farther Finance Advisors LLC now owns 123,454 shares of the real estate investment trust's stock valued at $2,465,000 after acquiring an additional 98,423 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Up 0.1%

Shares of NYSE DOC opened at $18.98 on Wednesday. Healthpeak Properties, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The firm has a market capitalization of $13.08 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.34 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The company's 50 day simple moving average is $20.41 and its 200 day simple moving average is $19.84.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The firm had revenue of $771.58 million during the quarter, compared to analyst estimates of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. 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 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be given a $0.1017 dividend. This represents a $1.22 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, December 18th. Healthpeak Properties's dividend payout ratio (DPR) is currently 348.57%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Healthpeak Properties from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, June 24th. UBS Group lowered their price objective on Healthpeak Properties from $21.50 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday. Robert W. Baird boosted their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. Raymond James Financial started coverage on Healthpeak Properties in a report on Wednesday, June 17th. They set a "market perform" rating for the company. Finally, Mizuho upped their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.80.

About Healthpeak Properties

Healthpeak Properties, Inc NYSE: DOC is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company's outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.