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 reduced its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 about 0.15% of Healthpeak Properties worth $21,548,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Healthpeak Properties by 4.2% in the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 561 shares in the last quarter. Applied Finance Capital Management LLC grew its position in Healthpeak Properties by 3.4% during the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 577 shares in the last quarter. AssuredPartners Investment Advisors LLC grew its position in Healthpeak Properties by 3.1% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 666 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Healthpeak Properties by 4.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 722 shares in the last quarter. Finally, TCTC Holdings LLC grew 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 in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Morgan Stanley reduced their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.50.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.02 during mid-day trading on Friday, reaching $18.16. 2,411,390 shares of the company were exchanged, compared to its average volume of 6,073,618. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The company has a fifty day moving average of $17.76 and a 200 day moving average of $18.21. 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 stock has a market cap of $12.62 billion, a PE ratio of 75.61, a PEG ratio of 2.31 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, hitting 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 analyst estimates of $697.14 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company's 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, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 1,490 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the transaction, the chief executive officer directly owned 211,906 shares of the company's stock, valued at approximately $3,566,377.98. The trade was a 0.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have purchased 8,783 shares of company stock valued at $150,129. Company insiders own 0.23% of the company's stock.

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.