Alliancebernstein L.P. Sells 93,741 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Alliancebernstein L.P. reduced its stake in Healthpeak Properties by 7.9%, selling 93,741 shares, and now holds a total of approximately $22 million in the company.
• Several institutional investors, including Nuveen LLC and Amundi, have significantly increased their stakes in Healthpeak Properties, reflecting growing institutional interest in the stock.
• Healthpeak Properties announced a monthly dividend of $0.1017, translating to an annual yield of 6.8%, despite a high dividend payout ratio of 508.33%.

Alliancebernstein L.P. decreased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,091,140 shares of the real estate investment trust's stock after selling 93,741 shares during the period. Alliancebernstein L.P. owned about 0.16% of Healthpeak Properties worth $22,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Amundi lifted its position in Healthpeak Properties by 89.4% during the first quarter. Amundi now owns 5,047,699 shares of the real estate investment trust's stock valued at $98,228,000 after purchasing an additional 2,382,657 shares during the period. Royal Bank of Canada increased its holdings in Healthpeak Properties by 24.0% during the first quarter. Royal Bank of Canada now owns 1,339,913 shares of the real estate investment trust's stock valued at $27,093,000 after buying an additional 258,914 shares during the last quarter. Quarry LP increased its holdings in Healthpeak Properties by 588.2% during the first quarter. Quarry LP now owns 7,302 shares of the real estate investment trust's stock valued at $148,000 after buying an additional 6,241 shares during the last quarter. Nomura Holdings Inc. increased its holdings in Healthpeak Properties by 67.2% during the first quarter. Nomura Holdings Inc. now owns 174,274 shares of the real estate investment trust's stock valued at $3,524,000 after buying an additional 70,022 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Healthpeak Properties by 132.3% during the first quarter. Baird Financial Group Inc. now owns 290,659 shares of the real estate investment trust's stock valued at $5,877,000 after buying an additional 165,535 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the transaction, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 8,783 shares of company stock worth $150,129 in the last three months. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Price Performance

DOC traded down $0.04 during trading on Friday, hitting $18.10. 4,343,202 shares of the company traded hands, compared to its average volume of 6,111,745. The company has a market cap of $12.58 billion, a PE ratio of 75.44, a P/E/G ratio of 2.33 and a beta of 1.07. The stock's 50-day simple moving average is $17.76 and its two-hundred day simple moving average is $18.18. 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.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. During the same quarter last year, the business earned $0.45 earnings per share. Healthpeak Properties'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 anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.1017 per share. The ex-dividend date was Monday, August 18th. This represents a c) annualized dividend and a yield of 6.7%. Healthpeak Properties's dividend payout ratio (DPR) is 508.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on DOC shares. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.50.

Healthpeak Properties 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.