Federated Hermes Inc. Buys 15,968 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Federated Hermes Inc. has increased its stake in Healthpeak Properties, Inc. by 1.2%, now owning approximately 1,312,839 shares valued at $26.5 million.
• Healthpeak Properties reported a Q2 earnings of $0.46 per share, matching analysts' expectations, but its revenue fell slightly short at $694.35 million.
• The company announced a monthly dividend of $0.1017, resulting in an annual yield of 7.2% despite a high payout ratio of 508.33%.

Federated Hermes Inc. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,312,839 shares of the real estate investment trust's stock after buying an additional 15,968 shares during the period. Federated Hermes Inc. owned about 0.19% of Healthpeak Properties worth $26,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Blair William & Co. IL boosted its holdings in Healthpeak Properties by 61.3% in the fourth quarter. Blair William & Co. IL now owns 17,916 shares of the real estate investment trust's stock valued at $363,000 after acquiring an additional 6,810 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Healthpeak Properties by 122.8% during the 4th quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust's stock worth $3,158,000 after buying an additional 85,867 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Healthpeak Properties by 12.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 30,606 shares of the real estate investment trust's stock valued at $601,000 after acquiring an additional 3,279 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Healthpeak Properties by 56,120.9% during the 4th quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock valued at $34,181,000 after acquiring an additional 1,683,066 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Healthpeak Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after acquiring an additional 638,012 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their price objective 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. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Argus reissued a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

Healthpeak Properties Stock Up 0.7%

NYSE:DOC traded up $0.12 during trading hours on Monday, hitting $16.89. 6,480,702 shares of the company traded hands, compared to its average volume of 5,999,149. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The company has a market cap of $11.73 billion, a PE ratio of 70.44, a PEG ratio of 2.14 and a beta of 1.05. The firm's 50-day simple moving average is $17.68 and its 200-day simple moving average is $18.72. 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 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 net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. During the same quarter last year, the business posted $0.45 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. Equities analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 7.2%. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker purchased 1,490 shares of Healthpeak Properties stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the transaction, the chief executive officer owned 211,906 shares in the company, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 bought at an average price of $17.27 per share, with a total value of $99,768.79. Following the acquisition, the director directly owned 144,290 shares of the company's stock, valued at $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 23,010 shares of company stock worth $396,673 over the last quarter. Company insiders own 0.23% of the company's stock.

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.