Kovitz Investment Group Partners LLC Acquires 104,408 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Healthpeak Properties by 741.6%, purchasing an additional 104,408 shares to own a total of 118,486 shares valued at approximately $2.4 million.
• Insider trades include CEO Scott M. Brinker buying 1,490 shares and Director Tommy G. Thompson acquiring 5,777 shares, with recent insider purchases totaling 14,560 shares worth $249,898 over the last ninety days.
• Healthpeak Properties announced a $0.1017 dividend to be paid on August 29th, with a dividend yield reported at an unusual 705.0% and a payout ratio of 508.33%.

Kovitz Investment Group Partners LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 741.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,486 shares of the real estate investment trust's stock after purchasing an additional 104,408 shares during the period. Kovitz Investment Group Partners LLC's holdings in Healthpeak Properties were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. acquired a new position in Healthpeak Properties during the 1st quarter valued at about $402,000. S Bank Fund Management Ltd acquired a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $1,756,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $36,000. Dagco Inc. acquired a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $30,000. Finally, Russell Investments Group Ltd. raised its position in shares of Healthpeak Properties by 13.3% in the 1st quarter. Russell Investments Group Ltd. now owns 3,533,665 shares of the real estate investment trust's stock valued at $71,450,000 after acquiring an additional 415,683 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus reiterated a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Morgan Stanley cut their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. 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 research report on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.70.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott M. Brinker purchased 2,930 shares of the firm's stock in a transaction dated 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 approximately $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 14,560 shares of company stock valued at $249,898 over the last ninety days. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Up 2.6%

NYSE DOC traded up $0.4450 during trading hours on Friday, reaching $17.7250. 8,696,799 shares of the company's stock were exchanged, compared to its average volume of 8,563,543. The company's 50-day moving average is $17.62 and its two-hundred day moving average is $18.38. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same period in the prior year, the business earned $0.45 EPS. 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. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 705.0%. The ex-dividend date of this dividend is Monday, August 18th. Healthpeak Properties's dividend payout ratio (DPR) 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.