Douglas Lane & Associates LLC Acquires 282,199 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Douglas Lane & Associates LLC increased its stake in Healthpeak Properties by 10.1% during Q2, holding 3,075,049 shares valued at approximately $53.84 million.
• Healthpeak Properties' stock has faced multiple target price reductions, with Morgan Stanley lowering its target from $22.00 to $21.00 and Deutsche Bank from $28.00 to $18.00.
• The company announced a monthly dividend of $0.1017 with an annualized yield of 6.7%, despite having a high dividend payout ratio of 508.33%.

Douglas Lane & Associates LLC lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,075,049 shares of the real estate investment trust's stock after purchasing an additional 282,199 shares during the quarter. Douglas Lane & Associates LLC owned about 0.44% of Healthpeak Properties worth $53,844,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Healthpeak Properties by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 79,403 shares of the real estate investment trust's stock worth $1,611,000 after acquiring an additional 1,603 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Healthpeak Properties by 51.6% in the 4th quarter. Lazard Asset Management LLC now owns 89,014 shares of the real estate investment trust's stock worth $1,803,000 after purchasing an additional 30,291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Healthpeak Properties by 9.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,951 shares of the real estate investment trust's stock valued at $1,175,000 after buying an additional 4,920 shares during the last quarter. NorthRock Partners LLC bought a new stake in Healthpeak Properties in the fourth quarter valued at about $269,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $2,113,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker bought 2,930 shares of the company's stock in a transaction on Thursday, July 31st. The shares were purchased at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought 8,783 shares of company stock worth $150,129 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of research reports. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial raised shares of Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.45.

Healthpeak Properties Trading Up 0.7%

DOC stock traded up $0.14 during trading on Friday, hitting $18.61. The company had a trading volume of 2,960,479 shares, compared to its average volume of 6,068,429. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 77.57, a PEG ratio of 2.35 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. The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $18.14.

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

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.1017 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's payout ratio is 508.33%.

About Healthpeak Properties

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.