Northwestern Mutual Wealth Management Co. Acquires 20,059 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Healthpeak Properties, Inc. (DOC) by 87.5% during the first quarter, owning 42,996 shares worth approximately $869,000.
• Insider transactions show CEO Scott M. Brinker purchased 1,490 shares at an average price of $16.83, with overall insider ownership at 0.23% of the stock.
• Analyst ratings for Healthpeak Properties indicate a consensus of Moderate Buy with an average target price of $21.50, despite recent target price adjustments by several analysts.

Northwestern Mutual Wealth Management Co. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 87.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,996 shares of the real estate investment trust's stock after buying an additional 20,059 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Healthpeak Properties were worth $869,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Machina Capital S.A.S. increased its stake in shares of Healthpeak Properties by 62.8% in the first quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust's stock worth $751,000 after acquiring an additional 14,336 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in Healthpeak Properties by 8.5% during the first quarter. Douglas Lane & Associates LLC now owns 2,792,850 shares of the real estate investment trust's stock valued at $56,471,000 after acquiring an additional 218,395 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Healthpeak Properties by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 357,520 shares of the real estate investment trust's stock valued at $7,229,000 after buying an additional 23,135 shares during the period. Ibex Wealth Advisors bought a new stake in shares of Healthpeak Properties in the first quarter valued at about $5,056,000. Finally, Vert Asset Management LLC raised its position in Healthpeak Properties by 6.9% in the first quarter. Vert Asset Management LLC now owns 325,143 shares of the real estate investment trust's stock worth $6,574,000 after purchasing an additional 20,924 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.22 during mid-day trading on Friday, reaching $18.22. The stock had a trading volume of 1,355,464 shares, compared to its average volume of 6,051,019. The stock has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $18.26. The stock has a market capitalization of $12.66 billion, a PE ratio of 75.90, a P/E/G ratio of 2.28 and a beta of 1.07. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. 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 quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid 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 currently 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of Healthpeak Properties stock in a transaction that occurred on Monday, August 4th. The shares were bought 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 $3,566,377.98. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 8,783 shares of company stock valued at $150,129 over the last quarter. Insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Wells Fargo & Company reduced their target price 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. Morgan Stanley reduced their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Seven 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.50.

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.