Comerica Bank Acquires 81,705 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Comerica Bank increased its stake in Healthpeak Properties, Inc. by 21.8% in Q1, acquiring an additional 81,705 shares, bringing its total ownership to 456,370 shares valued at approximately $9.2 million.
• Healthpeak Properties announced a dividend of $0.1017 per share to be paid on August 29th, with an impressive dividend yield of 705.0% and a payout ratio of 508.33%.
• Despite the recent activity, shares of Healthpeak Properties are currently trading down by 0.7%, with a market cap of $12.19 billion and an average price objective of $21.70 from analysts.

Comerica Bank increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 456,370 shares of the real estate investment trust's stock after buying an additional 81,705 shares during the period. Comerica Bank owned 0.07% of Healthpeak Properties worth $9,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Systematic Financial Management LP increased its position in Healthpeak Properties by 3.9% during the first quarter. Systematic Financial Management LP now owns 1,529,584 shares of the real estate investment trust's stock worth $30,928,000 after acquiring an additional 57,136 shares during the period. Jump Financial LLC bought a new position in Healthpeak Properties during the first quarter worth $281,000. Cbre Investment Management Listed Real Assets LLC increased its position in Healthpeak Properties by 19.5% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,707,899 shares of the real estate investment trust's stock worth $115,414,000 after acquiring an additional 930,130 shares during the period. APG Asset Management N.V. increased its position in Healthpeak Properties by 1.4% during the first quarter. APG Asset Management N.V. now owns 383,500 shares of the real estate investment trust's stock worth $7,179,000 after acquiring an additional 5,300 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Healthpeak Properties by 87.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 42,996 shares of the real estate investment trust's stock worth $869,000 after acquiring an additional 20,059 shares during the period. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.09 during trading hours on Monday, reaching $17.95. The company had a trading volume of 5,435,858 shares, compared to its average volume of 6,774,504. The stock has a 50-day moving average of $17.70 and a two-hundred day moving average of $18.28. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The firm has a market capitalization of $12.47 billion, a PE ratio of 74.79, a PEG ratio of 2.30 and a beta of 1.07. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share 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 firm had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. During the same period in the prior year, the business posted $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. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's dividend payout ratio is 508.33%.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker purchased 1,490 shares of the stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $16.83 per share, for a total transaction 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. The trade was a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 8,783 shares of company stock valued at $150,129 in the last quarter. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wells Fargo & Company reduced their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.