Adage Capital Partners GP L.L.C. Sells 15,000 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Healthpeak Properties by 2.3%, holding 638,443 shares valued at approximately $12.9 million after selling 15,000 shares.
• CEO Scott M. Brinker acquired 2,930 shares of Healthpeak Properties, increasing his ownership by 1.41%, bringing his total to 210,416 shares worth about $3.59 million.
• Recent research reports have led to varying price target adjustments for Healthpeak Properties, with Wells Fargo lowering its target from $20.00 to $18.00, while Morgan Stanley adjusted its target to $21.00, indicating a sentiment mix among analysts.

Adage Capital Partners GP L.L.C. decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 638,443 shares of the real estate investment trust's stock after selling 15,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Healthpeak Properties worth $12,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DOC. Mercer Global Advisors Inc. ADV grew its stake in shares of Healthpeak Properties by 29.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,379 shares of the real estate investment trust's stock worth $778,000 after acquiring an additional 8,726 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Healthpeak Properties by 23.1% during the 4th quarter. Benjamin Edwards Inc. now owns 32,700 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 6,141 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Healthpeak Properties by 350.4% during the 4th quarter. Baird Financial Group Inc. now owns 125,124 shares of the real estate investment trust's stock valued at $2,536,000 after acquiring an additional 97,341 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in shares of Healthpeak Properties by 66.7% during the 4th quarter. Brevan Howard Capital Management LP now owns 19,031 shares of the real estate investment trust's stock valued at $386,000 after acquiring an additional 7,616 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Healthpeak Properties by 98.2% during the 4th quarter. Cetera Investment Advisers now owns 207,298 shares of the real estate investment trust's stock valued at $4,202,000 after acquiring an additional 102,724 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DOC shares. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their price objective on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Seven equities research 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

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 dated Thursday, July 31st. The shares were purchased at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the transaction, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders purchased 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by insiders.

Healthpeak Properties Trading Up 0.1%

Healthpeak Properties stock traded up $0.03 during trading hours on Thursday, reaching $17.98. The company had a trading volume of 2,916,951 shares, compared to its average volume of 6,070,692. 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 50-day moving average price of $17.76 and a 200 day moving average price of $18.22. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 74.94, a P/E/G ratio of 2.32 and a beta of 1.07. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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