14,940 Shares in Healthpeak Properties, Inc. $DOC Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC purchased a new stake in Healthpeak Properties, Inc., acquiring 14,940 shares worth around $302,000 in the first quarter.
• CEO Scott M. Brinker increased his ownership by buying 2,930 shares at $17.06 each, bringing his total holdings to approximately $3.59 million.
• Healthpeak Properties announced a dividend of $0.1017 per share, yielding 6.8%, with a significantly high dividend payout ratio of 508.33%.

MBB Public Markets I LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,940 shares of the real estate investment trust's stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in shares of Healthpeak Properties by 4.2% in the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 561 shares during the last quarter. Applied Finance Capital Management LLC increased 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 in the last quarter. AssuredPartners Investment Advisors LLC raised its position in Healthpeak Properties by 3.1% in the 1st 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 during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings 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 worth $367,000 after buying an additional 722 shares in the last quarter. Finally, TCTC Holdings LLC lifted its holdings 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 buying an additional 751 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Trading Down 0.2%

Shares of DOC stock traded down $0.04 on Friday, reaching $18.10. The company had a trading volume of 4,343,202 shares, compared to its average volume of 6,111,745. The stock has a market cap of $12.58 billion, a PE ratio of 75.44, a PEG ratio of 2.33 and a beta of 1.07. The company has a 50-day moving average of $17.76 and a 200-day moving average of $18.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. 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 issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.1017 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) annualized dividend and a dividend yield of 6.7%. Healthpeak Properties's payout ratio is 508.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their price target 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. Finally, Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. 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 target price of $21.50.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average price of $16.83 per share, with a total value of $25,076.70. Following the purchase, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. This represents a 0.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by corporate insiders.

About Healthpeak Properties

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.