Healthpeak Properties, Inc. $DOC Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in Healthpeak Properties by 12.6%, owning 253,166 shares valued at approximately $4.43 million as of the latest SEC filing.
• Other institutional investors, including Invesco Ltd. and Fuller & Thaler Asset Management, increased their holdings in Healthpeak Properties, demonstrating significant interest in the company.
• Healthpeak Properties announced a monthly dividend of $0.1017 per share, reflecting a 6.6% annual yield, despite a high dividend payout ratio of 508.33%.

IFM Investors Pty Ltd reduced its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,166 shares of the real estate investment trust's stock after selling 36,457 shares during the period. IFM Investors Pty Ltd's holdings in Healthpeak Properties were worth $4,433,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its holdings in Healthpeak Properties by 4.2% during the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 561 shares in the last quarter. Applied Finance Capital Management LLC boosted its holdings in shares of Healthpeak Properties by 3.4% in 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 during the period. AssuredPartners Investment Advisors LLC grew its stake in Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 666 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Healthpeak Properties by 4.1% during the 1st 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 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 buying an additional 751 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC traded up $0.07 during midday trading on Monday, reaching $18.54. 7,251,245 shares of the stock were exchanged, compared to its average volume of 6,391,724. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 77.23, a PEG ratio of 2.38 and a beta of 1.07. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The business's 50-day moving average price is $17.76 and its 200 day moving average price is $18.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, August 18th. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Analyst Ratings Changes

A number of research firms have commented on DOC. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 27th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Evercore ISI set a $22.00 price objective on Healthpeak Properties in a report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.45.

Insider Buying and Selling

In related news, CEO Scott M. Brinker bought 1,490 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by insiders.

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.