Adelante Capital Management LLC Purchases 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 lifted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 4,464.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,189,069 shares of the real estate investment trust's stock after purchasing an additional 1,163,017 shares during the quarter. Healthpeak Properties accounts for about 1.7% of Adelante Capital Management LLC's holdings, making the stock its 22nd largest holding. Adelante Capital Management LLC owned approximately 0.17% of Healthpeak Properties worth $24,043,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DOC. Mercer Global Advisors Inc. ADV grew its stake in shares of Healthpeak Properties by 29.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,379 shares of the real estate investment trust's stock valued at $778,000 after buying an additional 8,726 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Healthpeak Properties by 23.1% during the 4th quarter. Benjamin Edwards Inc. now owns 32,700 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 6,141 shares during the period. Baird Financial Group Inc. grew its position in Healthpeak Properties by 350.4% during the 4th quarter. Baird Financial Group Inc. now owns 125,124 shares of the real estate investment trust's stock worth $2,536,000 after acquiring an additional 97,341 shares during the last quarter. Brevan Howard Capital Management LP increased its stake in Healthpeak Properties by 66.7% in the 4th quarter. Brevan Howard Capital Management LP now owns 19,031 shares of the real estate investment trust's stock worth $386,000 after purchasing an additional 7,616 shares during the period. Finally, Cetera Investment Advisers increased its stake in Healthpeak Properties by 98.2% in the 4th quarter. Cetera Investment Advisers now owns 207,298 shares of the real estate investment trust's stock worth $4,202,000 after purchasing an additional 102,724 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Healthpeak Properties Trading Down 0.5%

DOC stock traded down $0.10 during trading on Wednesday, reaching $17.97. The company had a trading volume of 5,551,620 shares, compared to its average volume of 6,147,351. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26. The business has a 50 day moving average of $17.76 and a 200 day moving average of $18.22. The company has a market cap of $12.48 billion, a P/E ratio of 9.87, a PEG ratio of 2.32 and a beta of 1.07.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 6.8%. Healthpeak Properties's dividend payout ratio (DPR) is 508.33%.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, with a total value of $49,985.80. Following the acquisition, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by 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.