Healthpeak Properties, Inc. $DOC Shares Sold by Clean Yield Group

Key Points

• Clean Yield Group sold 17,116 shares of Healthpeak Properties, decreasing its holdings by 6.7%, bringing the total shares owned to 237,208, valued at approximately $4.15 million.
• Healthpeak Properties recently reported $0.46 earnings per share for the quarter, meeting analysts' expectations but reflecting a slight year-over-year revenue decline.
• The company declared a monthly dividend of $0.1017 per share, with a recent yield of 6.4%, despite a high payout ratio of 508.33%.

Clean Yield Group decreased its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,208 shares of the real estate investment trust's stock after selling 17,116 shares during the quarter. Healthpeak Properties comprises about 1.2% of Clean Yield Group's portfolio, making the stock its 29th biggest position. Clean Yield Group's holdings in Healthpeak Properties were worth $4,154,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Healthpeak Properties by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 561 shares in the last quarter. Applied Finance Capital Management LLC lifted its position in Healthpeak Properties by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock worth $357,000 after acquiring an additional 577 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in Healthpeak Properties by 3.1% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after acquiring an additional 666 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Healthpeak Properties by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust's stock worth $367,000 after acquiring an additional 722 shares during the period. Finally, CX Institutional lifted its position in Healthpeak Properties by 11.9% during the 2nd quarter. CX Institutional now owns 6,820 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 726 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 1,490 shares of the business's stock in a transaction on Monday, August 4th. The stock was bought at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 8,783 shares of company stock worth $150,129. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $18.97 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The business has a 50-day moving average price of $17.80 and a 200 day moving average price of $18.04. The firm has a market cap of $13.18 billion, a PE ratio of 79.04, a P/E/G ratio of 2.44 and a beta of 1.07.

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 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $697.14 million. During the same quarter in the previous year, the business earned $0.45 EPS. Healthpeak Properties's revenue for the quarter was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. 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 monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's payout ratio is 508.33%.

Analyst Ratings Changes

A number of analysts have commented on DOC shares. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI set a $22.00 price target on Healthpeak Properties in a research report on Monday, September 15th. Wells Fargo & Company lowered their price target on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Raymond James Financial raised Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research report on Monday, September 15th. Finally, Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.45.

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.

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