Nordea Investment Management AB Acquires 3,871,201 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Nordea Investment Management AB significantly increased its stake in Healthpeak Properties, Inc. by acquiring 3,871,201 shares, bringing its total holdings to approximately 3.9 million shares worth $67.87 million.
• In the most recent quarter, Healthpeak Properties announced a monthly dividend of $0.1017 per share, with a dividend yield of 6.6% and a payout ratio of 508.33%.
• Healthpeak Properties recently reported earnings of $0.46 per share, meeting consensus estimates, but its revenue fell slightly short of expectations at $694.35 million.

Nordea Investment Management AB boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7,444.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,923,205 shares of the real estate investment trust's stock after acquiring an additional 3,871,201 shares during the quarter. Nordea Investment Management AB owned 0.56% of Healthpeak Properties worth $67,871,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DOC. SG Americas Securities LLC bought a new position in Healthpeak Properties in the 1st quarter worth about $526,000. Envestnet Portfolio Solutions Inc. increased its stake in Healthpeak Properties by 16.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 49,398 shares of the real estate investment trust's stock worth $999,000 after acquiring an additional 6,869 shares during the last quarter. Blue Trust Inc. increased its stake in Healthpeak Properties by 49.7% in the 1st quarter. Blue Trust Inc. now owns 12,355 shares of the real estate investment trust's stock worth $250,000 after acquiring an additional 4,100 shares during the last quarter. Praxis Investment Management Inc. increased its stake in Healthpeak Properties by 9.7% in the 1st quarter. Praxis Investment Management Inc. now owns 17,120 shares of the real estate investment trust's stock worth $346,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Healthpeak Properties in the 1st quarter worth about $411,000. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker bought 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the acquisition, the chief executive officer directly owned 211,906 shares of the company's stock, valued at $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 at the SEC website. In the last three months, insiders bought 8,783 shares of company stock worth $150,129. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Trading Up 0.5%

Shares of DOC stock opened at $18.55 on Friday. The stock has a market capitalization of $12.89 billion, a PE ratio of 77.27, a P/E/G ratio of 3.16 and a beta of 1.09. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The business has a 50-day moving average of $18.16 and a 200 day moving average of $17.90. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company 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%.Healthpeak Properties's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.6%. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Analysts Set New Price Targets

Several brokerages have recently commented on DOC. Weiss Ratings reiterated a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Finally, Cantor Fitzgerald began coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They set a "neutral" rating and a $20.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average target price of $21.33.

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.

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