Foster Victor Wealth Advisors LLC Boosts Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Foster Victor Wealth Advisors LLC has increased its stake in Healthpeak Properties by 22.3%, acquiring a total of 389,384 shares valued at approximately $7.11 million.
• Analysts have recently adjusted their ratings for Healthpeak Properties, with Wells Fargo lowering its price target from $20 to $18 while Morgan Stanley set a new target at $21, indicating mixed sentiment among investors.
• Healthpeak Properties reported earnings of $0.46 per share, meeting analyst expectations, but experienced a year-over-year revenue decline of 0.2% with a forecasted EPS of 1.86 for the current year.

Foster Victor Wealth Advisors LLC lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 22.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 389,384 shares of the real estate investment trust's stock after acquiring an additional 70,896 shares during the period. Foster Victor Wealth Advisors LLC owned 0.06% of Healthpeak Properties worth $7,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOC. Woodline Partners LP acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth $848,000. Toronto Dominion Bank increased its position in Healthpeak Properties by 32.3% during the 4th quarter. Toronto Dominion Bank now owns 463,115 shares of the real estate investment trust's stock worth $9,387,000 after purchasing an additional 113,182 shares in the last quarter. Mackenzie Financial Corp increased its position in Healthpeak Properties by 229.5% during the 4th quarter. Mackenzie Financial Corp now owns 85,461 shares of the real estate investment trust's stock worth $1,732,000 after purchasing an additional 59,524 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Healthpeak Properties in the fourth quarter valued at approximately $30,153,000. Finally, Menard Financial Group LLC lifted its position in Healthpeak Properties by 11.8% during the fourth quarter. Menard Financial Group LLC now owns 16,663 shares of the real estate investment trust's stock valued at $338,000 after buying an additional 1,765 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOC has been the subject of several recent research reports. Morgan Stanley dropped their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Wells Fargo & Company lowered their price target on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. 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 report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.45.

Healthpeak Properties Trading Up 2.1%

NYSE DOC opened at $18.90 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The company has a 50-day simple moving average of $17.78 and a 200-day simple moving average of $18.09. The firm has a market capitalization of $13.13 billion, a PE ratio of 78.73, a price-to-earnings-growth ratio of 2.38 and a beta of 1.07.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $697.14 million. During the same quarter last year, the company posted $0.45 earnings per share. Healthpeak Properties'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. On average, equities 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 disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.1017 per share. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 6.5%. Healthpeak Properties's payout ratio is currently 508.33%.

Insider Buying and Selling

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, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer directly owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 8,783 shares of company stock worth $150,129. 0.23% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.