LDR Capital Management LLC Sells 102,881 Shares of Healthpeak Properties, Inc. $DOC

LDR Capital Management LLC lessened its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 80.5% in the third quarter, Holdings Channel reports. The fund owned 24,987 shares of the real estate investment trust’s stock after selling 102,881 shares during the quarter. LDR Capital Management LLC’s holdings in Healthpeak Properties were worth $479,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bayforest Capital Ltd purchased a new stake in Healthpeak Properties during the second quarter valued at approximately $442,000. Northside Capital Management LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth $6,123,000. Vanderbilt University bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $1,263,000. Baird Financial Group Inc. increased its stake in shares of Healthpeak Properties by 38.5% in the 2nd quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock worth $7,047,000 after purchasing an additional 111,807 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its holdings in Healthpeak Properties by 8,859.2% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 82,425 shares of the real estate investment trust’s stock worth $1,578,000 after purchasing an additional 81,505 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DOC has been the subject of several recent research reports. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and cut their price target for the company from $21.00 to $17.00 in a report on Monday, December 15th. Weiss Ratings cut Healthpeak Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Robert W. Baird reduced their target price on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Evercore ISI decreased their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Healthpeak Properties in a research report on Friday, January 9th. They issued a “neutral” rating and a $17.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.67.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $17.70 on Tuesday. The stock has a 50-day moving average price of $16.99 and a 200 day moving average price of $17.69. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11. Healthpeak Properties, Inc. has a 12-month low of $15.71 and a 12-month high of $21.28. The stock has a market capitalization of $12.30 billion, a P/E ratio of -353.97, a P/E/G ratio of 4.50 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s payout ratio is currently -2,440.00%.

Healthpeak Properties Company 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.