Dimensional Fund Advisors LP Buys 76,978 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Dimensional Fund Advisors LP has increased its stake in Healthpeak Properties, Inc. to approximately 10.4 million shares, representing a 0.7% growth and a value of around $210 million.
• Healthpeak Properties reported earnings per share of $0.46 for the last quarter, matching analysts' expectations, along with a revenue of $694.35 million, which was slightly below estimates.
• The company has recently announced a dividend of $0.1017, set to be paid on August 29, reflecting a dividend payout ratio of 508.33% and a yield of 705.0%.

Dimensional Fund Advisors LP grew its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,392,052 shares of the real estate investment trust's stock after buying an additional 76,978 shares during the quarter. Dimensional Fund Advisors LP owned 1.50% of Healthpeak Properties worth $210,126,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DOC. TCTC Holdings LLC increased 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. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties in the 1st quarter valued at about $30,000. S.A. Mason LLC increased its position in Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares in the last quarter. Dagco Inc. acquired a new stake in Healthpeak Properties in the 1st quarter valued at about $30,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Healthpeak Properties in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DOC shares. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Finally, Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Insider Buying and Selling

In other news, CEO Scott M. Brinker bought 1,490 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tommy G. Thompson bought 5,777 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares of the company's stock, valued at $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders bought 14,560 shares of company stock worth $249,898 over the last quarter. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Stock Up 2.6%

DOC stock traded up $0.4450 during mid-day trading on Friday, hitting $17.7250. 8,696,799 shares of the company were exchanged, compared to its average volume of 8,185,825. 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 cap of $12.32 billion, a P/E ratio of 73.86, a P/E/G ratio of 2.28 and a beta of 1.05. The firm's 50 day simple moving average is $17.62 and its 200 day simple moving average is $18.36. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results 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 for 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 business's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a $0.1017 dividend. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties's dividend payout ratio (DPR) is 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.