Centersquare Investment Management LLC Has $268.64 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Centersquare Investment Management LLC increased its stake in Healthpeak Properties by 18.5% during the first quarter, now owning approximately 13.3 million shares valued at $268.64 million.
• Healthpeak Properties has received mixed ratings from analysts, with recent price targets ranging from $19.00 to $25.00, reflecting a cautious outlook on the stock's performance.
• The company declared a monthly dividend of $0.1017 per share, resulting in an annualized dividend yield of 7.1%, with insider purchases indicating growing confidence among executives.

Centersquare Investment Management LLC boosted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 18.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,285,932 shares of the real estate investment trust's stock after purchasing an additional 2,070,416 shares during the quarter. Healthpeak Properties comprises about 2.8% of Centersquare Investment Management LLC's holdings, making the stock its 13th largest position. Centersquare Investment Management LLC owned 1.91% of Healthpeak Properties worth $268,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of Healthpeak Properties by 4.2% during the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 561 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Healthpeak Properties by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after buying an additional 577 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Healthpeak Properties by 5.9% during the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after purchasing an additional 584 shares during the period. AssuredPartners Investment Advisors LLC lifted its stake in Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock valued at $447,000 after buying an additional 666 shares during the last quarter. Finally, TCTC Holdings LLC boosted its stake in Healthpeak Properties by 124.3% during the 1st 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 during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DOC. Wells Fargo & Company decreased 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. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Argus reiterated a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Evercore ISI dropped their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.00.

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $16.83 per share, with a total value of $25,076.70. Following the completion of the transaction, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tommy G. Thompson acquired 5,777 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares of the company's stock, valued at $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 14,560 shares of company stock valued at $249,898. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock remained flat at $16.96 during mid-day trading on Friday. 7,198,617 shares of the company were exchanged, compared to its average volume of 7,883,368. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a market capitalization of $11.79 billion, a P/E ratio of 70.67, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a fifty day simple moving average of $17.65 and a 200-day simple moving average of $18.62. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results 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 net margin of 5.90% and a return on equity of 1.85%. The company had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. Healthpeak Properties's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

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.