Rafferty Asset Management LLC Lowers Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Rafferty Asset Management LLC reduced its stake in Healthpeak Properties, Inc. by 17.1%, selling 15,759 shares and holding a total of 76,272 shares valued at approximately $1.54 million.
• Healthpeak Properties' CEO, Scott M. Brinker, increased his ownership by purchasing 2,930 shares at an average price of $17.06, bringing his total shares to 210,416.
• Various brokerages have recently adjusted their price targets for Healthpeak Properties, with prices ranging from $18.00 to $21.00 and a consensus rating of "Moderate Buy."

Rafferty Asset Management LLC cut its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,272 shares of the real estate investment trust's stock after selling 15,759 shares during the quarter. Rafferty Asset Management LLC's holdings in Healthpeak Properties were worth $1,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in shares of Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after buying an additional 873 shares during the last quarter. TCTC Holdings LLC boosted its stake in Healthpeak Properties by 124.3% in the first 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 during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Healthpeak Properties in the first quarter valued at about $30,000. S.A. Mason LLC boosted its stake in Healthpeak Properties by 160.9% in the first 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 during the last quarter. Finally, Dagco Inc. purchased a new position in Healthpeak Properties in the first quarter valued at about $30,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.37 during trading hours on Friday, hitting $18.37. The stock had a trading volume of 5,903,313 shares, compared to its average volume of 6,199,752. The company has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $18.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 76.56, a P/E/G ratio of 2.37 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 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 firm had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same period last year, the firm earned $0.45 EPS. 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. Research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.1017 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

Insider Buying and Selling

In other news, CEO Scott M. Brinker purchased 2,930 shares of the business's stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the acquisition, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have acquired 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DOC. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Morgan Stanley dropped their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and an average price target 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.