Healthpeak Properties, Inc. $DOC Shares Bought by Amundi

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 grew its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 89.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,047,699 shares of the real estate investment trust's stock after acquiring an additional 2,382,657 shares during the quarter. Amundi owned about 0.73% of Healthpeak Properties worth $98,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Healthpeak Properties by 20.7% in 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 in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Healthpeak Properties by 6.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock valued at $372,004,000 after acquiring an additional 1,129,924 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Healthpeak Properties by 18.5% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Healthpeak Properties by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock valued at $210,126,000 after acquiring an additional 76,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Healthpeak Properties by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock valued at $207,012,000 after acquiring an additional 84,551 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.02 during midday trading on Thursday, hitting $17.94. The company had a trading volume of 1,438,992 shares, compared to its average volume of 6,063,373. 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 current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. The business's 50-day simple moving average is $17.76 and its 200-day simple moving average is $18.22.

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

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid 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 yield of 6.8%. Healthpeak Properties's dividend payout ratio (DPR) is 508.33%.

Analyst Ratings Changes

DOC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. 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 report on Tuesday, July 29th. Morgan Stanley decreased their target price on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company cut their price target on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Finally, Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 1,490 shares of the business's stock in a transaction 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 completion of the purchase, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 8,783 shares of company stock worth $150,129 over the last ninety days. 0.23% of the stock is owned by company 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.