Healthpeak Properties, Inc. $DOC Shares Sold by Ethic Inc.

Key Points

• Ethic Inc. reduced its stake in Healthpeak Properties by 18.7%, owning 81,672 shares worth approximately $1.64 million after selling 18,831 shares in the first quarter.
• Healthpeak Properties reported earnings of $0.46 per share, matching analysts' expectations, while quarterly revenue decreased slightly by 0.2% year-over-year.
• The company announced a dividend of $0.1017 per share with a yield of 705.0%, to be paid on August 29th, with a notable dividend payout ratio of 508.33%.

Ethic Inc. reduced its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,672 shares of the real estate investment trust's stock after selling 18,831 shares during the period. Ethic Inc.'s holdings in Healthpeak Properties were worth $1,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Townsquare Capital LLC lifted its holdings in Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after acquiring an additional 584 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in Healthpeak Properties by 52.5% in the fourth quarter. CreativeOne Wealth LLC now owns 14,016 shares of the real estate investment trust's stock valued at $284,000 after acquiring an additional 4,826 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Healthpeak Properties by 10.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,409 shares of the real estate investment trust's stock valued at $292,000 after acquiring an additional 1,371 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in Healthpeak Properties by 9.8% in the fourth quarter. Freedom Investment Management Inc. now owns 19,624 shares of the real estate investment trust's stock valued at $398,000 after acquiring an additional 1,759 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Healthpeak Properties by 231.8% in the fourth quarter. First Trust Advisors LP now owns 478,098 shares of the real estate investment trust's stock valued at $9,691,000 after acquiring an additional 333,998 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Up 2.6%

Shares of Healthpeak Properties stock traded up $0.4450 during trading hours on Friday, reaching $17.7250. 8,696,799 shares of the company were exchanged, compared to its average volume of 8,563,543. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26. The stock's fifty day moving average is $17.62 and its 200 day moving average is $18.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $12.32 billion, a PE ratio of 73.86, a PEG ratio of 2.20 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company'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. As a group, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker acquired 1,490 shares of the business's stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the transaction, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the 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 purchase, the director owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 14,560 shares of company stock worth $249,898 in the last ninety days. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DOC shares. Wedbush decreased their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Morgan Stanley decreased their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Finally, Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

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.