Van Lanschot Kempen Investment Management N.V. Has $70.66 Million Position in Healthpeak Properties, Inc. $DOC

Key Points

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Van Lanschot Kempen Investment Management N.V. cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 23.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,494,724 shares of the real estate investment trust's stock after selling 1,052,451 shares during the period. Healthpeak Properties comprises approximately 0.7% of Van Lanschot Kempen Investment Management N.V.'s investment portfolio, making the stock its 28th biggest holding. Van Lanschot Kempen Investment Management N.V. owned approximately 0.50% of Healthpeak Properties worth $70,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hsbc Holdings PLC raised its holdings in shares of Healthpeak Properties by 5.1% in the first quarter. Hsbc Holdings PLC now owns 2,290,430 shares of the real estate investment trust's stock valued at $46,253,000 after purchasing an additional 111,142 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Healthpeak Properties by 6.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock worth $372,004,000 after buying an additional 1,129,924 shares during the last quarter. Brooklyn Investment Group increased its holdings in Healthpeak Properties by 198.9% during the first 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. Raymond James Financial Inc. increased its holdings in Healthpeak Properties by 14.4% during the first quarter. Raymond James Financial Inc. now owns 1,271,968 shares of the real estate investment trust's stock worth $25,719,000 after buying an additional 159,724 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in Healthpeak Properties by 23.0% during the first quarter. Tocqueville Asset Management L.P. now owns 226,482 shares of the real estate investment trust's stock worth $4,579,000 after buying an additional 42,277 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DOC. Wedbush lowered their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Argus reiterated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Morgan Stanley decreased their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday. Finally, Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock traded up $0.4450 during trading on Friday, reaching $17.7250. The company's stock had a trading volume of 8,696,799 shares, compared to its average volume of 8,185,825. The business's 50-day moving average price is $17.62 and its 200-day moving average price is $18.36. The firm has a market cap of $12.32 billion, a PE ratio of 73.86, a P/E/G ratio of 2.28 and a beta of 1.05. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26. 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 (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting 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 analysts' expectations of $697.14 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Healthpeak Properties's 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. 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 announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a $0.1017 dividend. 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 508.33%.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 2,930 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer owned 210,416 shares of the company's stock, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tommy G. Thompson bought 5,777 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the acquisition, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders bought 14,560 shares of company stock valued at $249,898 in the last three months. Company insiders own 0.23% of the company's stock.

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.