Sequoia Financial Advisors LLC Has $2.43 Million Stock Holdings in Healthpeak Properties, Inc. $DOC

Key Points

• Sequoia Financial Advisors LLC increased its stake in Healthpeak Properties by 55.7% during the second quarter, owning 138,808 shares valued at approximately $2.43 million.
• Analysts have mixed ratings for Healthpeak Properties, with some downgrading the stock while others maintain a "Moderate Buy" rating and an average target price of $21.33.
• The company announced a monthly dividend of $0.1017 per share, with a dividend yield of 6.6%, set to be paid on December 30th.

Sequoia Financial Advisors LLC increased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 55.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,808 shares of the real estate investment trust's stock after buying an additional 49,650 shares during the period. Sequoia Financial Advisors LLC's holdings in Healthpeak Properties were worth $2,431,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group increased 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 valued at $27,000 after purchasing an additional 873 shares during the period. TCTC Holdings LLC increased 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 valued at $27,000 after purchasing an additional 751 shares during the period. S.A. Mason LLC increased its holdings in Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the period. Dagco Inc. acquired a new stake in Healthpeak Properties in the first quarter valued at $30,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Healthpeak Properties in the first quarter valued at $36,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on DOC shares. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Morgan Stanley cut their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.33.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.52 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $12.87 billion, a P/E ratio of 77.18, a price-to-earnings-growth ratio of 3.09 and a beta of 1.09. The firm's fifty day simple moving average is $18.10 and its two-hundred day simple moving average is $17.94. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The company 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 revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Insider Activity

In related news, CEO Scott M. Brinker acquired 2,930 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $17.06 per share, with a total value of $49,985.80. Following the transaction, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have bought 8,783 shares of company stock worth $150,129. 0.23% of the stock is owned by corporate insiders.

About Healthpeak Properties

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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