Key Points
- Insider selling: Healthpeak Properties insider Scott Bohn sold 10,989 shares at an average price of $19.45, reducing his stake by 59% and leaving him with 7,636 shares.
- Strong quarterly results: The REIT beat expectations in its latest earnings report, posting $0.45 EPS versus $0.43 expected and revenue of $752.95 million, up 7.1% year over year.
- Dividend and analyst sentiment: Healthpeak announced a monthly dividend of $0.1017 per share, implying a 6.2% yield, while Wall Street remains cautious overall with an average rating of Hold and a consensus price target of $18.75.
Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) insider Scott Bohn sold 10,989 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total transaction of $213,736.05. Following the completion of the transaction, the insider owned 7,636 shares in the company, valued at approximately $148,520.20. This trade represents a 59.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Healthpeak Properties Stock Down 1.1%
DOC stock opened at $19.56 on Thursday. The company has a market capitalization of $13.48 billion, a P/E ratio of 61.11, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. Healthpeak Properties, Inc. has a 12 month low of $15.70 and a 12 month high of $19.87. The firm's fifty day simple moving average is $17.19 and its 200-day simple moving average is $17.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96.
Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm's quarterly revenue was up 7.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.74 earnings per share for the current year.
Healthpeak Properties Dividend Announcement
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 paid a $0.1017 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Healthpeak Properties's dividend payout ratio is presently 381.25%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Evercore cut Healthpeak Properties from an "outperform" rating to an "in-line" rating and set a $21.00 price target for the company. in a research report on Monday. Scotiabank upgraded Healthpeak Properties to a "hold" rating in a research report on Thursday, April 23rd. Citigroup lifted their target price on shares of Healthpeak Properties from $17.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday. Weiss Ratings upgraded shares of Healthpeak Properties from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 8th. Finally, Morgan Stanley lowered their price target on shares of Healthpeak Properties from $21.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $18.75.
Check Out Our Latest Analysis on Healthpeak Properties
Hedge Funds Weigh In On Healthpeak Properties
Hedge funds have recently bought and sold shares of the business. Systematic Financial Management LP increased its position in shares of Healthpeak Properties by 10.3% in the first quarter. Systematic Financial Management LP now owns 1,839,564 shares of the real estate investment trust's stock valued at $30,224,000 after buying an additional 172,425 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Healthpeak Properties by 20.0% in the first quarter. Sei Investments Co. now owns 1,104,273 shares of the real estate investment trust's stock worth $18,144,000 after acquiring an additional 183,919 shares during the last quarter. Keynote Financial Services LLC increased its position in shares of Healthpeak Properties by 9.0% during the first quarter. Keynote Financial Services LLC now owns 13,290 shares of the real estate investment trust's stock worth $218,000 after purchasing an additional 1,098 shares in the last quarter. Cetera Investment Advisers raised its stake in Healthpeak Properties by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 506,049 shares of the real estate investment trust's stock valued at $8,314,000 after purchasing an additional 70,929 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in Healthpeak Properties in the 1st quarter valued at $461,000. Hedge funds and other institutional investors own 93.57% of the company's stock.
About Healthpeak Properties
(
Get Free Report)
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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