Presima Securities ULC Acquires 41,930 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Presima Securities ULC increased its stake in Healthpeak Properties, Inc. by 6.0%, now holding 737,146 shares valued at approximately $14.9 million.
• Equities research analysts have shown a bearish trend, with several firms lowering their ratings and price targets, including Scotiabank cutting its target from $21.00 to $19.00.
• Healthpeak Properties recently declared a monthly dividend of $0.1017, representing a dividend yield of 6.6% despite a high payout ratio of 508.33%.

Presima Securities ULC grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 737,146 shares of the real estate investment trust's stock after acquiring an additional 41,930 shares during the quarter. Healthpeak Properties comprises 3.3% of Presima Securities ULC's holdings, making the stock its 13th largest holding. Presima Securities ULC owned 0.11% of Healthpeak Properties worth $14,905,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DOC. Parallel Advisors LLC increased its stake 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 raised 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 worth $357,000 after acquiring an additional 577 shares during the last quarter. AssuredPartners Investment Advisors LLC raised its holdings in shares of Healthpeak Properties by 3.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after acquiring an additional 666 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Healthpeak Properties by 4.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust's stock valued at $367,000 after acquiring an additional 722 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in 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 valued at $27,000 after acquiring an additional 751 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 2,930 shares of Healthpeak Properties stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 8,783 shares of company stock valued at $150,129 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded down $0.10 during mid-day trading on Wednesday, reaching $17.97. 5,551,620 shares of the company's stock were exchanged, compared to its average volume of 6,147,351. The firm has a 50-day moving average price of $17.76 and a two-hundred day moving average price of $18.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26.

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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's payout ratio is 508.33%.

Analyst Ratings Changes

DOC has been the subject of several analyst reports. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Wells Fargo & Company decreased 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. Morgan Stanley cut their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.50.

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.