Bank of New York Mellon Corp Buys 5,815,189 Shares of Healthpeak Properties, Inc. $DOC

Bank of New York Mellon Corp raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 60.3% during the 1st quarter, Holdings Channel reports. The fund owned 15,456,420 shares of the real estate investment trust’s stock after purchasing an additional 5,815,189 shares during the period. Bank of New York Mellon Corp’s holdings in Healthpeak Properties were worth $253,949,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction 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 SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DOC shares. 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. Raymond James Financial began coverage on Healthpeak Properties in a report on Wednesday, June 17th. They set a “market perform” rating for the company. Evercore downgraded Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target on the stock. in a report on Monday, May 11th. Royal Bank Of Canada lifted their target price on Healthpeak Properties from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Four analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.62.

Healthpeak Properties Stock Up 0.9%

DOC opened at $22.52 on Friday. The company has a market cap of $15.53 billion, a PE ratio of 70.39, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. Healthpeak Properties, Inc. has a twelve month low of $15.70 and a twelve month high of $22.62. The company has a 50-day moving average price of $20.47 and a 200 day moving average price of $18.24. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.15.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data 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. The firm had revenue of $752.95 million during the quarter, compared to analyst estimates of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. Healthpeak Properties’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 381.25%.

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.