Varma Mutual Pension Insurance Co Acquires New Position in Healthpeak Properties, Inc. $DOC

Varma Mutual Pension Insurance Co acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 585,700 shares of the real estate investment trust’s stock, valued at approximately $9,418,000.

A number of other hedge funds also recently made changes to their positions in the stock. CoreCap Advisors LLC grew its stake in shares of Healthpeak Properties by 22.4% during the 3rd quarter. CoreCap Advisors LLC now owns 3,352 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 613 shares during the period. Fiduciary Trust Co grew its stake in shares of Healthpeak Properties by 4.9% during the 3rd quarter. Fiduciary Trust Co now owns 13,807 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 644 shares during the period. Patton Fund Management Inc. grew its stake in shares of Healthpeak Properties by 5.2% during the 4th quarter. Patton Fund Management Inc. now owns 13,002 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 648 shares during the period. Arjuna Capital grew its stake in shares of Healthpeak Properties by 4.8% during the 3rd quarter. Arjuna Capital now owns 14,768 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 679 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Healthpeak Properties by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 37,650 shares of the real estate investment trust’s stock valued at $721,000 after acquiring an additional 718 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent research reports. Citigroup cut their price objective on Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. The Goldman Sachs Group started coverage on Healthpeak Properties in a report on Friday, January 9th. They issued a “neutral” rating and a $17.00 price target on the stock. Robert W. Baird lowered their price target on Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a report on Friday, April 24th. Finally, Scotiabank raised Healthpeak Properties to a “hold” rating in a report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.04.

Healthpeak Properties Stock Up 1.5%

NYSE DOC opened at $16.54 on Wednesday. The stock has a market cap of $11.50 billion, a PE ratio of 165.44, a P/E/G ratio of 2.25 and a beta of 1.00. Healthpeak Properties, Inc. has a 12 month low of $15.70 and a 12 month high of $19.68. The stock’s 50 day moving average is $16.93 and its 200 day moving average is $17.14. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.21.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $738.78 million for the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Research analysts predict that Healthpeak Properties, Inc. will post 1.74 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th. Healthpeak Properties’s dividend payout ratio is 1,220.00%.

Healthpeak Properties 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.