Healthpeak Properties, Inc. $DOC Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has significantly increased its stake in Healthpeak Properties by 57.8%, purchasing an additional 2,477,307 shares to own a total of 6,764,854 shares valued at approximately $136.8 million.
• Healthpeak Properties reported quarterly earnings of $0.46 per share, meeting analyst estimates, but saw a slight decline in revenue year-over-year, totaling $694.35 million.
• The company announced a monthly dividend of $0.1017, representing an annualized yield of 6.7%, although it has a high payout ratio of 508.33%.

Goldman Sachs Group Inc. boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 57.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,764,854 shares of the real estate investment trust's stock after acquiring an additional 2,477,307 shares during the period. Goldman Sachs Group Inc. owned 0.97% of Healthpeak Properties worth $136,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DOC. Invesco Ltd. lifted its position in shares of Healthpeak Properties by 20.7% in the first 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 in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Healthpeak Properties by 6.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock worth $372,004,000 after acquiring an additional 1,129,924 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Healthpeak Properties by 18.5% during 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 acquiring an additional 2,070,416 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Healthpeak Properties by 0.7% during 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 acquiring an additional 76,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Healthpeak Properties by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock valued at $207,012,000 after acquiring an additional 84,551 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DOC shares. Raymond James Financial upgraded shares of Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research report on Monday. Evercore ISI set a $22.00 target price on shares of Healthpeak Properties in a report on Monday. Morgan Stanley decreased their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Scotiabank downgraded shares of 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. Finally, Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Eight 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.45.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 8,783 shares of company stock worth $150,129. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Up 1.6%

Shares of DOC traded up $0.29 during midday trading on Wednesday, reaching $18.52. 778,249 shares of the stock were exchanged, compared to its average volume of 6,056,953. The company has a market capitalization of $12.87 billion, a P/E ratio of 77.19, a PEG ratio of 2.35 and a beta of 1.07. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26. The company's 50 day moving average is $17.76 and its two-hundred day moving average is $18.15.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. The company had revenue of $694.35 million during 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 firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's payout ratio is presently 508.33%.

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.