KLP Kapitalforvaltning AS Has $4.58 Million Stock Position in Healthpeak Properties, Inc. $DOC

Key Points

• KLP Kapitalforvaltning AS increased its stake in Healthpeak Properties, Inc. (DOC) by 21.4%, bringing its total holdings to $4.58 million by adding 46,100 shares in the second quarter.
• Several institutional investors made significant increases in their positions during the first quarter, with 93.57% of the stock currently owned by these investors and hedge funds.
• Healthpeak Properties announced a monthly dividend of $0.1017 per share set to be paid on December 30th, with an annualized yield of 6.8%.

KLP Kapitalforvaltning AS raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 261,319 shares of the real estate investment trust's stock after acquiring an additional 46,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Healthpeak Properties were worth $4,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its position in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 751 shares during the period. Brooklyn Investment Group increased its position in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 873 shares during the period. S.A. Mason LLC increased its position in Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares during the period. Dagco Inc. acquired a new position in Healthpeak Properties in the 1st quarter valued at approximately $30,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Healthpeak Properties in the 1st quarter valued at approximately $36,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent research reports. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Evercore ISI set a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They set a "neutral" rating and a $20.00 price objective for the company. Wells Fargo & Company decreased 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 report on Wednesday, August 27th. Finally, Raymond James Financial upgraded shares of Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.33.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 2,930 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 8,783 shares of company stock worth $150,129 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Stock Down 2.2%

Shares of NYSE DOC opened at $18.04 on Friday. The firm has a market cap of $12.53 billion, a PE ratio of 75.15, a P/E/G ratio of 3.15 and a beta of 1.09. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26. The company's fifty day simple moving average is $18.02 and its 200 day simple moving average is $17.98. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. Healthpeak Properties's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced 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 of this dividend is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.8%. Healthpeak Properties's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.