Allianz Asset Management GmbH Has $16.61 Million Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Allianz Asset Management GmbH has reduced its stake in Healthpeak Properties, Inc. by 10.2%, owning approximately 948,649 shares valued at $16.61 million after selling 107,433 shares in the second quarter.
• Institutional investors hold 93.57% of Healthpeak Properties' shares, indicating a strong ownership concentration among hedge funds and institutional stakeholders.
• Healthpeak Properties recently declared a monthly dividend of $0.1017 per share, which results in a yield of 6.5% based on the current share price.

Allianz Asset Management GmbH decreased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 948,649 shares of the real estate investment trust's stock after selling 107,433 shares during the period. Allianz Asset Management GmbH owned 0.14% of Healthpeak Properties worth $16,611,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC boosted its stake in Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 751 shares during the period. Brooklyn Investment Group boosted its stake in Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 873 shares during the period. S.A. Mason LLC boosted its stake in Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the period. Dagco Inc. bought a new stake in Healthpeak Properties during the 1st quarter valued at approximately $30,000. Finally, GKV Capital Management Co. Inc. bought a new stake in Healthpeak Properties during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $16.83 per share, with a total value of $25,076.70. Following the acquisition, the chief executive officer directly owned 211,906 shares of the company's stock, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders acquired 8,783 shares of company stock worth $150,129. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Scotiabank downgraded 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 note on Tuesday, July 29th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Finally, Raymond James Financial upgraded Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Healthpeak Properties has an average rating of "Moderate Buy" and an average price target of $21.33.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $18.71 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $13.00 billion, a PE ratio of 77.94, a price-to-earnings-growth ratio of 3.16 and a beta of 1.09. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The business has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $17.89.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate 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%.Healthpeak Properties's revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 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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