Bayforest Capital Ltd Takes $442,000 Position in Healthpeak Properties, Inc. $DOC

Key Points

• Bayforest Capital Ltd has acquired a new position in Healthpeak Properties, Inc. valued at approximately $442,000, purchasing 25,221 shares during the 2nd quarter.
• Healthpeak Properties reported a 0.46 earnings per share (EPS) for the most recent quarter, meeting analysts' expectations but showing a slight revenue decline year-over-year.
• The company announced a monthly dividend of $0.1017 per share, yielding 6.7%, with the ex-dividend date set for December 19th.

Bayforest Capital Ltd bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,221 shares of the real estate investment trust's stock, valued at approximately $442,000.

Other large investors have also recently added to or reduced their stakes in the company. Machina Capital S.A.S. lifted its stake in shares of Healthpeak Properties by 62.8% in the first quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust's stock worth $751,000 after buying an additional 14,336 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Healthpeak Properties by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 357,520 shares of the real estate investment trust's stock worth $7,229,000 after acquiring an additional 23,135 shares during the last quarter. Deutsche Bank AG boosted its holdings in Healthpeak Properties by 0.3% during the first quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust's stock valued at $171,524,000 after acquiring an additional 23,136 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Healthpeak Properties by 10.9% in the first quarter. Concurrent Investment Advisors LLC now owns 11,218 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Healthpeak Properties by 58.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 1,015,174 shares of the real estate investment trust's stock worth $20,527,000 after purchasing an additional 375,747 shares during the period. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $18.16 on Wednesday. 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's fifty day simple moving average is $18.07 and its 200 day simple moving average is $17.93. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 75.69, a P/E/G ratio of 3.06 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued 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 company had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same period last year, the business earned $0.45 earnings per share. The business's revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Analyst Ratings Changes

Several analysts recently weighed in on DOC shares. Deutsche Bank Aktiengesellschaft restated 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, August 20th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Raymond James Financial upgraded shares of Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Monday, September 15th. Finally, Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.33.

Insider Buying and Selling at Healthpeak Properties

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

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.

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