APG Asset Management US Inc. Acquires 191,088 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• APG Asset Management US Inc. increased its stake in Healthpeak Properties by 7.7%, acquiring an additional 191,088 shares to hold a total of 2,661,358 shares, representing 0.4% of its investment portfolio.
• Healthpeak Properties reported a net margin of 5.90% for the last quarter and set its FY 2025 guidance at 1.810-1.870 EPS, with analysts forecasting 1.86 EPS for the current fiscal year.
• The company announced a dividend of $0.1017 per share, scheduled for payment on August 29th, with a high dividend yield of 705.0% and a payout ratio of 508.33%.

APG Asset Management US Inc. boosted its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,661,358 shares of the real estate investment trust's stock after purchasing an additional 191,088 shares during the quarter. Healthpeak Properties comprises 0.4% of APG Asset Management US Inc.'s investment portfolio, making the stock its 25th biggest position. APG Asset Management US Inc. owned 0.38% of Healthpeak Properties worth $53,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOC. TCTC Holdings LLC raised its stake in Healthpeak Properties by 124.3% in the first 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 in the last quarter. Brooklyn Investment Group raised its stake in Healthpeak Properties by 198.9% in the first 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 in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties in the first quarter valued at about $30,000. S.A. Mason LLC raised its stake in Healthpeak Properties by 160.9% in the first 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 in the last quarter. Finally, Dagco Inc. acquired a new position in Healthpeak Properties in the first quarter valued at about $30,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Scotiabank downgraded 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 note on Tuesday, July 29th. Evercore ISI dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Argus reaffirmed a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.10.

Healthpeak Properties Stock Up 0.4%

Shares of NYSE DOC opened at $17.2850 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 72.02, a PEG ratio of 2.20 and a beta of 1.05. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The stock has a 50-day moving average price of $17.61 and a two-hundred day moving average price of $18.40.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $694.35 million for 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 quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders 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 is Monday, August 18th. Healthpeak Properties's payout ratio is 508.33%.

Insider Activity

In other news, CEO Scott M. Brinker purchased 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The shares were bought at an average cost 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 in the company, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 14,560 shares of company stock worth $249,898. Company insiders own 0.23% of the company's stock.

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.

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