Cbre Investment Management Listed Real Assets LLC Boosts Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in Healthpeak Properties by 19.5%, owning over 5.7 million shares after purchasing an additional 930,130 shares.
• Healthpeak Properties recently reported quarterly earnings of $0.46 EPS, meeting analysts' expectations, while revenues decreased by 0.2% year-over-year to $694.35 million.
• Healthpeak Properties announced a dividend of $0.1017 per share, indicating a dividend yield of 705.0%, despite a high payout ratio of 508.33%.

Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 19.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,707,899 shares of the real estate investment trust's stock after acquiring an additional 930,130 shares during the period. Healthpeak Properties makes up 1.8% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 14th biggest position. Cbre Investment Management Listed Real Assets LLC owned about 0.82% of Healthpeak Properties worth $115,414,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in Healthpeak Properties by 20.7% in the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after purchasing an additional 3,967,830 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Healthpeak Properties by 6.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock valued at $372,004,000 after buying an additional 1,129,924 shares during the period. Centersquare Investment Management LLC increased its position in shares of Healthpeak Properties by 18.5% during the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock valued at $268,642,000 after buying an additional 2,070,416 shares during the period. Northern Trust Corp increased its position in shares of Healthpeak Properties by 32.6% during the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock valued at $213,367,000 after buying an additional 2,590,530 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Healthpeak Properties by 0.7% during the first 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. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Down 0.8%

Shares of NYSE:DOC traded down $0.15 during trading hours on Thursday, hitting $17.76. The company's stock had a trading volume of 1,802,308 shares, compared to its average volume of 6,078,117. 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 company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 73.98, a P/E/G ratio of 2.25 and a beta of 1.05. The firm's fifty day moving average price is $17.66 and its 200 day moving average price is $18.33. 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 EPS for the quarter, hitting the consensus estimate of $0.46. The firm 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%. Healthpeak Properties's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, August 18th. Healthpeak Properties's dividend payout ratio is 508.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average price target of $21.50.

Insider Transactions at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 1,490 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $16.83 per share, with a total value of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares of the company's stock, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 8,783 shares of company stock worth $150,129 over the last quarter. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Company 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.