National Pension Service Sells 1,113,764 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• The National Pension Service drastically reduced its holdings in Healthpeak Properties, Inc. by 99.8%, owning only 2,571 shares valued at $52,000 after selling over 1.1 million shares in the first quarter.
• Brokerage firms have issued mixed ratings on Healthpeak Properties, with Scotiabank lowering its rating and price target to $19, while Argus maintained a "buy" rating with a target of $25.
• Healthpeak Properties announced a dividend payment of $0.1017 per share, set for August 29th, with a notably high payout ratio of 508.33% despite a yield that appears inflated due to recent stock price trends.

National Pension Service lessened its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 99.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,571 shares of the real estate investment trust's stock after selling 1,113,764 shares during the quarter. National Pension Service's holdings in Healthpeak Properties were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. TCTC Holdings LLC boosted its stake in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 751 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Healthpeak Properties during the 1st quarter valued at $30,000. S.A. Mason LLC raised its stake in shares of Healthpeak Properties by 160.9% in the first 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 last quarter. Dagco Inc. purchased a new stake in shares of Healthpeak Properties during the first quarter valued at $30,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Healthpeak Properties during the first quarter valued at $36,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded up $0.5250 during midday trading on Friday, reaching $17.8050. 2,180,971 shares of the company were exchanged, compared to its average volume of 6,041,156. The stock has a market cap of $12.37 billion, a PE ratio of 74.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The business's fifty day moving average is $17.61 and its two-hundred day moving average is $18.40. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. 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 (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business's revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 705.0%. Healthpeak Properties's payout ratio is presently 508.33%.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was acquired 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 approximately $2,491,888.30. This represents a 4.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott M. Brinker bought 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. The trade was a 0.71% 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 worth $249,898 over the last ninety days. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Evercore ISI lowered their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average target price of $22.10.

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.