VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 123,800 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Virginia Retirement Systems increased its Healthpeak Properties stake by 69.1%, acquiring 123,800 shares to own 303,083 shares valued at approximately $6.1 million. Institutional investors collectively hold 93.57% of DOC shares.
• Analysts maintain a generally cautious view, with four Buy ratings and fourteen Hold ratings, producing an overall Hold consensus and an average price target of $21.60.
• Healthpeak reported quarterly revenue of $771.58 million and adjusted EPS of $0.08, beating estimates, while declaring a monthly dividend of $0.1017 per share, equivalent to a 6.4% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 69.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,083 shares of the real estate investment trust's stock after acquiring an additional 123,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Healthpeak Properties were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DOC. State Street Corp raised its stake in shares of Healthpeak Properties by 92.3% during the 2nd quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust's stock valued at $1,995,928,000 after purchasing an additional 44,767,085 shares during the period. Bank of America Corp DE bought a new stake in shares of Healthpeak Properties during the second quarter valued at about $234,600,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Healthpeak Properties by 20,832.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,217,474 shares of the real estate investment trust's stock worth $133,054,000 after buying an additional 6,187,772 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Healthpeak Properties by 60.3% in the first quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust's stock worth $253,949,000 after buying an additional 5,815,189 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Healthpeak Properties by 83.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust's stock worth $166,095,000 after buying an additional 3,530,429 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. UBS Group lowered their target price on shares of Healthpeak Properties from $21.50 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Jefferies Financial Group initiated coverage on shares of Healthpeak Properties in a research report on Tuesday, September 15th. They set a "hold" rating and a $21.00 price target for the company. Finally, Cantor Fitzgerald upped their target price on Healthpeak Properties from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.60.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $19.05 on Monday. The company has a 50-day moving average price of $19.90 and a 200-day moving average price of $19.14. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 12 month low of $15.70 and a 12 month high of $22.95.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.05. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%. The company had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Announces Dividend

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

Healthpeak Properties Profile

Healthpeak Properties, Inc NYSE: DOC is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.

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