American Century Companies Inc. Has $117.47 Million Stock Position in Healthpeak Properties, Inc. $DOC

Key Points

• American Century Companies Inc. increased its stake in Healthpeak Properties by 8.1%, acquiring 437,016 shares and now holding approximately 5.8 million shares valued at $117.5 million.
• In recent trading, Healthpeak Properties' stock price opened at $17.32, with a 52-week high of $23.26 and a market cap of $12.04 billion.
• Healthpeak Properties announced a dividend payment of $0.1017 per share, with a dividend payout ratio of 508.33%, reflecting robust investor interest.

American Century Companies Inc. boosted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,809,524 shares of the real estate investment trust's stock after acquiring an additional 437,016 shares during the period. American Century Companies Inc. owned about 0.84% of Healthpeak Properties worth $117,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after buying an additional 3,967,830 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Healthpeak Properties by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after buying an additional 1,651,235 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Healthpeak Properties by 18.5% during the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock worth $268,642,000 after buying an additional 2,070,416 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Healthpeak Properties by 32.6% during the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after buying an additional 2,590,530 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Healthpeak Properties by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock worth $210,126,000 after buying an additional 76,978 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In related news, Director Tommy G. Thompson bought 5,777 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the transaction, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Brinker bought 1,490 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 14,560 shares of company stock worth $249,898 over the last three months. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Trading Up 2.7%

DOC traded up $0.4750 during trading on Friday, hitting $17.7550. 3,395,003 shares of the company's stock were exchanged, compared to its average volume of 6,052,558. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26. The stock has a 50 day moving average price of $17.61 and a 200 day moving average price of $18.40. The firm has a market cap of $12.34 billion, a P/E ratio of 74.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

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

Healthpeak Properties Announces Dividend

The firm also recently announced 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. This represents a dividend yield of 705.0%. The ex-dividend date of this dividend is Monday, August 18th. Healthpeak Properties's dividend payout ratio is 508.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Evercore ISI lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Argus restated a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday. Finally, Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and an average target price of $22.10.

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.