Ethic Inc. Decreases Stake in Healthpeak Properties, Inc. $DOC

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. lessened its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,672 shares of the real estate investment trust's stock after selling 18,831 shares during the quarter. Ethic Inc.'s holdings in Healthpeak Properties were worth $1,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in Healthpeak Properties by 20.7% in the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after buying an additional 3,967,830 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after purchasing an additional 1,651,235 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Healthpeak Properties by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock worth $268,642,000 after purchasing an additional 2,070,416 shares in the last quarter. Northern Trust Corp boosted its position in Healthpeak Properties by 32.6% in the 4th quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after purchasing an additional 2,590,530 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Healthpeak Properties by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock worth $210,126,000 after purchasing an additional 76,978 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $16.83 per share, with a total value of $25,076.70. Following the transaction, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the transaction, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 14,560 shares of company stock valued at $249,898 over the last ninety days. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DOC shares. Morgan Stanley lowered their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Healthpeak Properties Price Performance

NYSE DOC traded up $0.4450 during mid-day trading on Friday, hitting $17.7250. The stock had a trading volume of 8,696,799 shares, compared to its average volume of 8,185,825. The firm's 50 day moving average is $17.62 and its 200 day moving average is $18.36. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month 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 $12.32 billion, a price-to-earnings ratio of 73.86, a PEG ratio of 2.28 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 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $697.14 million. During the same period in the prior year, the company earned $0.45 EPS. The firm'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. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a $0.1017 dividend. 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 (DPR) is 508.33%.

Healthpeak Properties 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.