1832 Asset Management L.P. Buys 340,125 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• 1832 Asset Management L.P. increased its stake in Healthpeak Properties by 50.3%, acquiring an additional 340,125 shares during the first quarter, bringing its total holdings to over 1 million shares worth approximately $20.5 million.
• Several hedge funds made significant increases to their positions in Healthpeak Properties, with TCTC Holdings LLC boosting its stake by 124.3% and Brooklyn Investment Group by 198.9% in the same quarter.
• The company recently declared a dividend of $0.1017 per share, which will be paid on August 29, indicating a high dividend yield of 705%.

1832 Asset Management L.P. lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,016,070 shares of the real estate investment trust's stock after acquiring an additional 340,125 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.15% of Healthpeak Properties worth $20,545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DOC. TCTC Holdings LLC boosted its stake in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 751 shares during the period. Brooklyn Investment Group boosted its stake in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 873 shares during the period. Future Financial Wealth Managment LLC bought a new position in Healthpeak Properties in the 1st quarter worth approximately $30,000. S.A. Mason LLC boosted its stake in Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares during the period. Finally, Dagco Inc. bought a new position in Healthpeak Properties in the 1st quarter worth approximately $30,000. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker acquired 2,930 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the transaction, the director owned 144,290 shares of the company's stock, valued at $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 14,560 shares of company stock worth $249,898 in the last three months. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Morgan Stanley decreased their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Wedbush decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company decreased their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Healthpeak Properties Stock Performance

DOC stock opened at $17.7250 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The business's fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $18.37. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 73.86, a PEG ratio of 2.26 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties's dividend payout ratio is presently 508.33%.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.

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