Healthpeak Properties, Inc. $DOC Shares Sold by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC reduced its holdings in Healthpeak Properties, Inc. by 21.3%, selling 40,363 shares, and now owns 149,192 shares valued at approximately $2.6 million.
• Healthpeak Properties reported $0.46 earnings per share (EPS), meeting analysts' expectations, and has set its FY 2025 guidance at 1.810-1.870 EPS.
• The company recently declared a monthly dividend of $0.1017 per share, representing an annualized yield of 6.6%, with a payout ratio of 508.33%.

Vanguard Personalized Indexing Management LLC trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,192 shares of the real estate investment trust's stock after selling 40,363 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Healthpeak Properties were worth $2,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Healthpeak Properties during the first quarter valued at $526,000. Janney Montgomery Scott LLC raised its stake in shares of Healthpeak Properties by 34.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 839,507 shares of the real estate investment trust's stock valued at $16,975,000 after acquiring an additional 217,120 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Healthpeak Properties by 303.5% in the 1st quarter. QRG Capital Management Inc. now owns 108,520 shares of the real estate investment trust's stock valued at $2,194,000 after acquiring an additional 81,622 shares in the last quarter. Insigneo Advisory Services LLC increased its position in Healthpeak Properties by 35.3% in the 1st quarter. Insigneo Advisory Services LLC now owns 20,906 shares of the real estate investment trust's stock worth $423,000 after buying an additional 5,451 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Healthpeak Properties by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 423,142 shares of the real estate investment trust's stock worth $8,554,000 after purchasing an additional 6,362 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Up 2.1%

Shares of Healthpeak Properties stock opened at $18.52 on Thursday. The company has a fifty day moving average of $18.10 and a 200 day moving average of $17.94. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $12.87 billion, a P/E ratio of 77.18, a P/E/G ratio of 3.09 and a beta of 1.09. Healthpeak Properties, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $23.26.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $697.14 million. During the same period last year, the firm earned $0.45 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, 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 declared a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be paid a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 6.6%. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DOC shares. Weiss Ratings restated a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research note on Monday, September 15th. Raymond James Financial raised Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a report on Monday, September 15th. Wells Fargo & Company cut their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Finally, Cantor Fitzgerald assumed coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $20.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.33.

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.

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