Healthpeak Properties, Inc. $DOC Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Healthpeak Properties, Inc. by 53.5%, selling 46,289 shares during the 1st quarter, leaving them with a total of 40,169 shares worth approximately $812,000.
• Despite declining holdings from some investors, Invesco Ltd. increased its stake in Healthpeak Properties by 20.7% during the same period, acquiring an additional 3,967,830 shares.
• Healthpeak Properties plans to pay a dividend of $0.1017 on August 29th, with an ex-dividend date of August 18th, resulting in a notable dividend yield of 705.0%.

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,169 shares of the real estate investment trust's stock after selling 46,289 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Healthpeak Properties were worth $812,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DOC. NewEdge Advisors LLC lifted its position in shares of Healthpeak Properties by 10.5% during the 4th quarter. NewEdge Advisors LLC now owns 14,409 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 1,371 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Healthpeak Properties by 231.8% during the 4th quarter. First Trust Advisors LP now owns 478,098 shares of the real estate investment trust's stock worth $9,691,000 after purchasing an additional 333,998 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Healthpeak Properties by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 205,644 shares of the real estate investment trust's stock worth $4,168,000 after purchasing an additional 1,380 shares during the last quarter. MML Investors Services LLC lifted its position in Healthpeak Properties by 2.0% in the fourth quarter. MML Investors Services LLC now owns 172,276 shares of the real estate investment trust's stock valued at $3,492,000 after acquiring an additional 3,351 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Healthpeak Properties by 7.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 41,025 shares of the real estate investment trust's stock valued at $832,000 after acquiring an additional 2,671 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 8,783 shares of company stock valued at $150,129 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC traded down $0.16 on Thursday, reaching $17.75. The company's stock had a trading volume of 1,322,858 shares, compared to its average volume of 6,074,172. The stock's 50-day moving average is $17.66 and its two-hundred day moving average is $18.33. Healthpeak Properties, Inc. has a 52-week low of $16.63 and a 52-week 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 capitalization of $12.33 billion, a P/E ratio of 73.90, a PEG ratio of 2.25 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same period in the prior year, the company earned $0.45 earnings per share. The business's revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, August 18th. Healthpeak Properties's dividend payout ratio is presently 508.33%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DOC shares. Morgan Stanley reduced their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.50.

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.