Healthpeak Properties, Inc. $DOC Stock Position Decreased by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 44.7%, selling 17,093 shares and holding 21,121 shares valued at $427,000 as of the last reporting period.
• Healthpeak Properties reported $0.46 earnings per share for the last quarter, matching analysts' expectations, with a slight decline in revenue year-over-year.
• The company announced a dividend of $0.1017 per share, with a payout ratio of 508.33%, and the dividend will be paid on August 29th to shareholders recorded by August 19th.

RWA Wealth Partners LLC cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 44.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,121 shares of the real estate investment trust's stock after selling 17,093 shares during the quarter. RWA Wealth Partners LLC's holdings in Healthpeak Properties were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOC. Machina Capital S.A.S. raised its holdings in shares of Healthpeak Properties by 62.8% during the first quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust's stock valued at $751,000 after acquiring an additional 14,336 shares during the period. Douglas Lane & Associates LLC raised its holdings in shares of Healthpeak Properties by 8.5% during the first quarter. Douglas Lane & Associates LLC now owns 2,792,850 shares of the real estate investment trust's stock valued at $56,471,000 after acquiring an additional 218,395 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Healthpeak Properties by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 357,520 shares of the real estate investment trust's stock valued at $7,229,000 after acquiring an additional 23,135 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of Healthpeak Properties during the first quarter valued at approximately $5,056,000. Finally, Vert Asset Management LLC raised its holdings in shares of Healthpeak Properties by 6.9% during the first quarter. Vert Asset Management LLC now owns 325,143 shares of the real estate investment trust's stock valued at $6,574,000 after acquiring an additional 20,924 shares during the period. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Up 0.0%

NYSE DOC opened at $17.2260 on Thursday. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $11.97 billion, a PE ratio of 71.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The firm's fifty day simple moving average is $17.62 and its 200-day simple moving average is $18.42.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share 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 business had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same period in the prior year, the business posted $0.45 earnings per share. Healthpeak Properties'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. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI cut their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Argus restated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday. Finally, Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and a consensus target price of $22.09.

Insider Buying and Selling

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The stock was purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the purchase, the director directly owned 144,290 shares of the company's stock, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott M. Brinker bought 1,490 shares of Healthpeak Properties stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 14,560 shares of company stock valued at $249,898 over the last quarter. Corporate 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.

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