Amundi Acquires 2,382,657 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Amundi has increased its stake in Healthpeak Properties, Inc. by 89.4%, now owning approximately 5.05 million shares worth around $98.23 million.
• Healthpeak Properties reported earnings of $0.46 per share for the last quarter, matching analysts' expectations, but with a slight decline in revenue compared to the previous year.
• The company recently announced a $0.1017 monthly dividend, representing an annualized yield of 6.6%, though its dividend payout ratio stands at an unusually high 508.33%.

Amundi lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 89.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,047,699 shares of the real estate investment trust's stock after purchasing an additional 2,382,657 shares during the period. Amundi owned approximately 0.73% of Healthpeak Properties worth $98,228,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Nuveen LLC acquired a new stake in Healthpeak Properties during the 1st quarter worth about $124,113,000. Resolution Capital Ltd purchased a new position in shares of Healthpeak Properties in the fourth quarter worth approximately $122,795,000. Invesco Ltd. raised 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 valued at $467,311,000 after acquiring an additional 3,967,830 shares during the period. Centersquare Investment Management LLC raised 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 valued at $268,642,000 after acquiring an additional 2,070,416 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $30,153,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 1.2%

Shares of NYSE DOC traded up $0.21 during mid-day trading on Thursday, reaching $18.16. The company had a trading volume of 6,798,537 shares, compared to its average volume of 6,048,133. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. 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 stock has a market capitalization of $12.62 billion, a PE ratio of 75.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.07. The stock's 50 day moving average is $17.76 and its 200-day moving average is $18.21.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) 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 firm had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's payout ratio is currently 508.33%.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Morgan Stanley reduced their target price on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Wells Fargo & Company decreased their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.50.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares of the company's stock, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 8,783 shares of company stock valued at $150,129. Insiders own 0.23% of the company's stock.

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.