MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 80,473 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Healthpeak Properties by 64.6%, acquiring an additional 80,473 shares and bringing its total to 205,095 shares valued at approximately $3.59 million.
• Healthpeak Properties reported $0.46 EPS for the quarter, matching analysts' expectations, but its revenue of $694.35 million slightly missed projections.
• The company announced a monthly dividend of $0.1017, reflecting a yield of 6.5%, with an exceptionally high payout ratio of 508.33%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 64.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,095 shares of the real estate investment trust's stock after purchasing an additional 80,473 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Healthpeak Properties were worth $3,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DOC. Toronto Dominion Bank boosted its holdings in Healthpeak Properties by 32.3% in the fourth quarter. Toronto Dominion Bank now owns 463,115 shares of the real estate investment trust's stock worth $9,387,000 after acquiring an additional 113,182 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Healthpeak Properties by 229.5% in the fourth quarter. Mackenzie Financial Corp now owns 85,461 shares of the real estate investment trust's stock worth $1,732,000 after acquiring an additional 59,524 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Healthpeak Properties in the fourth quarter worth $30,153,000. Wealthedge Investment Advisors LLC bought a new stake in Healthpeak Properties in the fourth quarter worth $479,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in Healthpeak Properties in the fourth quarter worth $4,806,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on DOC. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Evercore ISI set a $22.00 target price on Healthpeak Properties in a report on Monday, September 15th. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Morgan Stanley decreased their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Finally, Wells Fargo & Company decreased their price target on 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. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.45.

Healthpeak Properties Stock Down 1.2%

Healthpeak Properties stock opened at $18.67 on Thursday. The stock has a market cap of $12.97 billion, a PE ratio of 77.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The stock has a fifty day moving average of $17.79 and a 200 day moving average of $18.09.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.1017 dividend. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 6.5%. Healthpeak Properties's dividend payout ratio is presently 508.33%.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of the company's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, the chief executive officer directly owned 211,906 shares in the company, valued at approximately $3,566,377.98. The trade was a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 8,783 shares of company stock valued at $150,129 in the last three months. Corporate insiders own 0.23% of the company's stock.

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.

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