Adelante Capital Management LLC Buys 1,163,017 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Adelante Capital Management LLC significantly increased its holdings in Healthpeak Properties, Inc. by 4,464.2%, owning over 1.1 million shares after purchasing an additional 1.1 million shares in the first quarter.
• Healthpeak Properties recently announced a monthly dividend of $0.1017 per share, yielding 6.6%, despite a high dividend payout ratio of 508.33%.
• Shares of Healthpeak Properties have a current market cap of $12.77 billion and reported earnings per share (EPS) of $0.46 for the last quarter, meeting analysts' expectations.

Adelante Capital Management LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 4,464.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,189,069 shares of the real estate investment trust's stock after purchasing an additional 1,163,017 shares during the period. Healthpeak Properties comprises about 1.7% of Adelante Capital Management LLC's portfolio, making the stock its 22nd largest holding. Adelante Capital Management LLC owned approximately 0.17% of Healthpeak Properties worth $24,043,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of Healthpeak Properties by 4.2% during the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 561 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in shares of Healthpeak Properties by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 577 shares in the last quarter. AssuredPartners Investment Advisors LLC grew its stake in shares of Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 666 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Healthpeak Properties by 4.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust's stock worth $367,000 after purchasing an additional 722 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in shares of Healthpeak Properties by 124.3% in the first 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 in the last quarter. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOC. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Finally, Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

Healthpeak Properties Stock Up 0.0%

Shares of NYSE DOC traded up $0.01 during mid-day trading on Friday, reaching $18.15. The company had a trading volume of 2,058,462 shares, compared to its average volume of 6,071,684. The stock has a fifty day moving average of $17.76 and a two-hundred day moving average of $18.21. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 75.65, a PEG ratio of 2.31 and a beta of 1.07. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26.

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. The business had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased 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 owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 8,783 shares of company stock worth $150,129 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Company Profile

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.