AQR Capital Management LLC Has $21.55 Million Stock Position in Healthpeak Properties, Inc. $DOC

Key Points

• AQR Capital Management LLC reduced its holdings in Healthpeak Properties by 25.7%, owning approximately $21.55 million worth of shares after selling 368,773 shares recently.
• Healthpeak Properties has seen several analyst downgrades, with Wells Fargo cutting its price target from $20.00 to $18.00, while Deutsche Bank also lowered its target from $28.00 to $18.00.
• The company announced a monthly dividend of $0.1017 per share, yielding 6.7%, with a significant dividend payout ratio of 508.33%.

AQR Capital Management LLC lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 25.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,065,677 shares of the real estate investment trust's stock after selling 368,773 shares during the period. AQR Capital Management LLC owned 0.15% of Healthpeak Properties worth $21,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOC. TCTC Holdings LLC raised its stake in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 751 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 873 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC raised its stake in shares of Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares in the last quarter. Finally, Dagco Inc. bought a new stake in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Wells Fargo & Company decreased 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. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Seven research 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, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average price target of $21.50.

Insider Activity

In related news, CEO Scott M. Brinker bought 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $16.83 per share, with a total value of $25,076.70. Following the acquisition, the chief executive officer owned 211,906 shares in the company, valued at $3,566,377.98. This trade represents a 0.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders acquired 8,783 shares of company stock worth $150,129. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Performance

NYSE DOC traded down $0.04 on Friday, reaching $18.10. The stock had a trading volume of 4,343,202 shares, compared to its average volume of 6,111,745. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a fifty day moving average of $17.76 and a two-hundred day moving average of $18.18. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The company has a market cap of $12.58 billion, a P/E ratio of 75.44, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $697.14 million. During the same period in the prior year, the firm posted $0.45 EPS. The company's revenue for the quarter 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, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's dividend payout ratio is 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.