Fox Run Management L.L.C. Purchases Shares of 29,887 Healthpeak Properties, Inc. $DOC

Key Points

• Fox Run Management L.L.C. purchased a new position in Healthpeak Properties, Inc., acquiring 29,887 shares valued at approximately $604,000 in the 1st quarter.
• Healthpeak Properties CEO Scott M. Brinker and Director Tommy G. Thompson both increased their stock holdings, with Brinker buying 2,930 shares and Thompson acquiring 5,777 shares.
• Recent analyst reports have shown mixed sentiment, with price targets for Healthpeak Properties decreasing and maintaining a consensus rating of "Moderate Buy" with a target price of $23.00.

Fox Run Management L.L.C. bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,887 shares of the real estate investment trust's stock, valued at approximately $604,000.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Healthpeak Properties by 4.2% during the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 561 shares in the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Healthpeak Properties by 3.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after acquiring an additional 577 shares during the period. Townsquare Capital LLC raised its position in shares of Healthpeak Properties by 5.9% in the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after acquiring an additional 584 shares in the last quarter. AssuredPartners Investment Advisors LLC lifted its stake in shares of Healthpeak Properties by 3.1% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 666 shares during the last quarter. Finally, TCTC Holdings LLC lifted its stake in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 751 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 3.2%

DOC stock traded up $0.5550 during trading hours on Friday, hitting $17.8350. The company's stock had a trading volume of 2,975,391 shares, compared to its average volume of 6,047,921. The stock has a 50 day moving average price of $17.61 and a two-hundred day moving average price of $18.40. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. 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 company has a market capitalization of $12.39 billion, a PE ratio of 74.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The company had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DOC. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday. Argus reiterated a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Evercore ISI dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus target price of $22.10.

Insider Activity

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