Algert Global LLC Reduces Holdings in Healthpeak Properties, Inc. $DOC

Key Points

• Algert Global LLC has reduced its stake in Healthpeak Properties, Inc. by 12.0%, now holding 186,170 shares valued at approximately $3.76 million.
• Insider transactions revealed that CEO Scott M. Brinker and Director Tommy G. Thompson increased their positions in the company, showcasing confidence in Healthpeak Properties amid recent market fluctuations.
• Healthpeak Properties recently announced a dividend of $0.1017 per share, reflecting a yield of 705.0%, with a high dividend payout ratio of 508.33%.

Algert Global LLC reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,170 shares of the real estate investment trust's stock after selling 25,446 shares during the period. Algert Global LLC's holdings in Healthpeak Properties were worth $3,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DOC. Townsquare Capital LLC boosted its position in shares of Healthpeak Properties by 5.9% during the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after buying an additional 584 shares during the period. NewEdge Advisors LLC raised its stake in shares of Healthpeak Properties by 10.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,409 shares of the real estate investment trust's stock valued at $292,000 after acquiring an additional 1,371 shares in the last quarter. Freedom Investment Management Inc. raised its stake in shares of Healthpeak Properties by 9.8% in the fourth quarter. Freedom Investment Management Inc. now owns 19,624 shares of the real estate investment trust's stock valued at $398,000 after acquiring an additional 1,759 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Healthpeak Properties by 231.8% in the fourth quarter. First Trust Advisors LP now owns 478,098 shares of the real estate investment trust's stock valued at $9,691,000 after acquiring an additional 333,998 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Healthpeak Properties by 1.5% in the fourth quarter. Norinchukin Bank The now owns 61,029 shares of the real estate investment trust's stock valued at $1,237,000 after acquiring an additional 915 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DOC shares. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Argus reiterated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley cut their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $21.70.

Insider Activity

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

Healthpeak Properties Stock Down 0.5%

Healthpeak Properties stock traded down $0.08 during midday trading on Monday, reaching $17.67. The company's stock had a trading volume of 6,117,870 shares, compared to its average volume of 8,185,825. Healthpeak Properties, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. 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 company has a market cap of $12.28 billion, a P/E ratio of 73.63, a P/E/G ratio of 2.28 and a beta of 1.05. The business has a 50-day simple moving average of $17.63 and a 200-day simple moving average of $18.34.

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 for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The company had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. During the same period last year, the firm earned $0.45 earnings per share. Healthpeak Properties's quarterly revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be issued 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 (DPR) is presently 508.33%.

Healthpeak Properties 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.