State of New Jersey Common Pension Fund D Trims Holdings in Healthpeak Properties, Inc. $DOC

Key Points

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State of New Jersey Common Pension Fund D reduced its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 419,211 shares of the real estate investment trust's stock after selling 30,945 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Healthpeak Properties worth $8,476,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC lifted its position in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Healthpeak Properties in the first quarter worth $30,000. S.A. Mason LLC increased its stake in shares of 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 worth $30,000 after buying an additional 925 shares during the period. Dagco Inc. purchased a new position in shares of Healthpeak Properties in the first quarter worth $30,000. Finally, GKV Capital Management Co. Inc. purchased a new position in Healthpeak Properties during the 1st quarter valued at $36,000. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOC. Morgan Stanley reduced their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Insider Activity

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The stock was purchased at an average price of $17.27 per share, with a total value of $99,768.79. Following the transaction, the director directly owned 144,290 shares of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott M. Brinker purchased 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $16.83 per share, with a total value of $25,076.70. Following the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at approximately $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 14,560 shares of company stock valued at $249,898 in the last ninety days. Insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Performance

DOC traded up $0.4450 during midday trading on Friday, hitting $17.7250. 7,331,389 shares of the company traded hands, compared to its average volume of 6,075,527. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $12.32 billion, a PE ratio of 73.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The company's 50-day moving average is $17.61 and its 200 day moving average is $18.40. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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 analyst estimates of $697.14 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business'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. On average, research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties's dividend payout ratio is presently 508.33%.

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.