Healthpeak Properties Inc. (NYSE:DOC) has a beta value of 1.02 and has seen 5.37 million shares traded in the last trading session. The company, currently valued at $13.72B, closed the last trade at $19.34 per share which meant it gained $0.36 on the day or 1.90% during that session. The DOC stock price is -15.72% off its 52-week high price of $22.38 and 21.2% above the 52-week low of $15.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.87 million shares traded. The 3-month trading volume is 7.92 million shares.
Healthpeak Properties Inc. (NYSE:DOC) trade information
Sporting 1.90% in the green in last session, the stock has traded in the green over the last five days, when the DOC stock price touched $19.34 or saw a rise of 0.26%. Year-to-date, Healthpeak Properties Inc. shares have moved -2.32%, while the 5-day performance has seen it change 5.97%. Over the past 30 days, the shares of Healthpeak Properties Inc. (NYSE:DOC) have changed 9.02%. Short interest in the company has seen 9.7 million shares shorted with days to cover at 0.85.
Healthpeak Properties Inc. (DOC) estimates and forecasts
Figures show that Healthpeak Properties Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 11.99% over the past 6 months, with this year growth rate of -0.56%, compared to -2.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -68.20% and 11.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 22.30%.
8 analysts offering their estimates for the company have set an average revenue estimate of $588.28 million for the current quarter. 8 have an estimated revenue figure of $680.88 million for the next quarter concluding in Jun 2024. Year-ago sales stood $525.68 million and $535.71 million respectively for this quarter and the next, and analysts expect sales will grow by 11.90% for the current quarter and 27.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.23% over the past 5 years. Earnings growth for 2024 is a modest -24.35% while over the next 5 years, the company’s earnings are expected to decrease by -12.59%.
DOC Dividends
Healthpeak Properties Inc. is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.20 at a share yield of 6.20%. The company’s dividend yield has gone up over the past 12 months.
Healthpeak Properties Inc. (NYSE:DOC)’s Major holders
Insiders own 0.29% of the company shares, while shares held by institutions stand at 75.15% with a share float percentage of 75.37%. Investors are also buoyed by the number of investors in a company, with Healthpeak Properties Inc. having a total of 929 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 40.3 million shares worth more than $563.8 million. As of Jun 29, 2023, Blackrock Inc. held 16.90% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 35.17 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $492.0 million and represent 14.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Undiscovered Managers Behavioral Value Fund. As of Jul 30, 2023, the former fund manager holds about 4.22% shares in the company for having 10.05 million shares of worth $148.19 million while later fund manager owns 7.51 million shares of worth $105.05 million as of Jun 29, 2023, which makes it owner of about 3.15% of company’s outstanding stock.
