Fuller & Thaler Asset Management Inc. Boosts Stock Holdings in Healthpeak Properties, Inc. $DOC

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Healthpeak Properties, Inc. by 6.5% to a total of approximately 18.4 million shares, valued at about $372 million.
• Institutional investors own 93.57% of Healthpeak Properties, highlighting significant interest from major investment firms.
• Analysts have issued mixed ratings for Healthpeak Properties, with a consensus price target of $23.00 and various upgrades and downgrades affecting the stock's outlook.

Fuller & Thaler Asset Management Inc. grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,397,841 shares of the real estate investment trust's stock after buying an additional 1,129,924 shares during the quarter. Healthpeak Properties accounts for approximately 1.4% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Fuller & Thaler Asset Management Inc. owned 2.65% of Healthpeak Properties worth $372,004,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DOC. TCTC Holdings LLC raised its holdings in shares of Healthpeak Properties by 124.3% in 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 period. Brooklyn Investment Group increased its holdings in shares of Healthpeak Properties by 198.9% in the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 873 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties in the first quarter worth $30,000. S.A. Mason LLC increased its holdings in shares of Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares during the period. Finally, Dagco Inc. purchased a new position in Healthpeak Properties in the first quarter worth $30,000. Institutional investors own 93.57% of the company's stock.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 14,560 shares of company stock worth $249,898. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Stock Performance

Shares of DOC stock traded up $0.4450 during mid-day trading on Friday, reaching $17.7250. 8,696,799 shares of the company's stock traded hands, compared to its average volume of 8,563,543. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The firm has a 50 day moving average price of $17.62 and a two-hundred day moving average price of $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 capitalization of $12.32 billion, a PE ratio of 73.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $697.14 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on DOC shares. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI dropped their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Argus reiterated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average target price of $21.70.

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.