Principal Financial Group Inc. Reduces Position in Healthpeak Properties, Inc. $DOC

Principal Financial Group Inc. decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,765,643 shares of the real estate investment trust’s stock after selling 7,916,128 shares during the quarter. Principal Financial Group Inc.’s holdings in Healthpeak Properties were worth $308,320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Advocate Investing Services LLC bought a new stake in shares of Healthpeak Properties in the fourth quarter worth approximately $26,000. WPG Advisers LLC boosted its holdings in Healthpeak Properties by 270.2% in the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Healthpeak Properties in the 2nd quarter worth approximately $33,000. Clearstead Advisors LLC raised its stake in Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,216 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in Healthpeak Properties during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity at Healthpeak Properties

In related news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total value of $213,736.05. Following the transaction, the insider directly owned 7,636 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $21.70 on Wednesday. Healthpeak Properties, Inc. has a 12-month low of $15.70 and a 12-month high of $22.13. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 67.80, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $20.31 and a 200 day moving average of $18.12.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $752.95 million for the quarter, compared to the consensus estimate of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s dividend payout ratio is 381.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DOC shares. Citigroup increased their price target on Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Mizuho lifted their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Robert W. Baird upped their price objective on Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their target price on Healthpeak Properties from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Wall Street Zen raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.50.

About Healthpeak Properties

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.