Healthpeak Properties, Inc. $DOC Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has reduced its stake in Healthpeak Properties by 38%, now holding 206,970 shares valued at $4,185,000.
• Several institutional investors, including Invesco Ltd. and Centersquare Investment Management LLC, have increased their holdings in Healthpeak Properties during the same quarter.
• Healthpeak Properties' recent quarterly earnings showed a net margin of 5.90% and a return on equity of 1.85%, with a dividend yield announced at 705.0%.

Korea Investment CORP cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 206,970 shares of the real estate investment trust's stock after selling 126,600 shares during the period. Korea Investment CORP's holdings in Healthpeak Properties were worth $4,185,000 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. Brooklyn Investment Group raised its stake in 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 valued at $27,000 after acquiring an additional 873 shares during the last quarter. TCTC Holdings LLC increased its position in 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 during the period. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC increased its position in 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 during the period. Finally, Dagco Inc. acquired a new position in Healthpeak Properties during the 1st quarter worth approximately $30,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the acquisition, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired a total of 8,783 shares of company stock worth $150,129 over the last ninety days. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Price Performance

Healthpeak Properties stock traded up $0.09 during mid-day trading on Friday, hitting $17.95. 5,435,858 shares of the company were exchanged, compared to its average volume of 7,148,648. 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 business's 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $18.31. The company has a market capitalization of $12.47 billion, a P/E ratio of 74.79, a PEG ratio of 2.29 and a beta of 1.05. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.Healthpeak Properties's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a c) annualized dividend and a yield of 6.8%. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley dropped their target price on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average target price of $21.50.

Healthpeak Properties Company 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.