DAVENPORT & Co LLC boosted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 625,394 shares of the real estate investment trust's stock after purchasing an additional 75,853 shares during the period. DAVENPORT & Co LLC owned approximately 0.09% of Healthpeak Properties worth $10,951,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings 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 valued at $467,311,000 after buying an additional 3,967,830 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised 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 worth $372,004,000 after purchasing an additional 1,129,924 shares during the period. Centersquare Investment Management LLC lifted its holdings 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 purchasing an additional 2,070,416 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Healthpeak Properties by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock valued at $210,126,000 after purchasing an additional 76,978 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Healthpeak Properties by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock worth $207,012,000 after purchasing an additional 84,551 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Evercore ISI set a $22.00 price objective on shares of Healthpeak Properties in a research note on Monday, September 15th. Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $20.00 price objective for the company. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Morgan Stanley lowered their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.33.
Read Our Latest Research Report on DOC
Healthpeak Properties Price Performance
Shares of NYSE:DOC opened at $19.25 on Tuesday. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 80.21, a P/E/G ratio of 2.50 and a beta of 1.09. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $17.90 and a 200 day simple moving average of $17.99.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The firm had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.
Healthpeak Properties Dividend Announcement
The company also recently disclosed a oct 25 dividend, which will be paid on Thursday, October 30th. Investors of record on Friday, October 17th will be issued a $0.1017 dividend. Healthpeak Properties's dividend payout ratio is currently 508.33%.
Insider Buying and Selling
In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 8,783 shares of company stock valued at $150,129 in the last 90 days. Corporate insiders own 0.23% of the company's stock.
About Healthpeak Properties
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).
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