OMERS ADMINISTRATION Corp Buys 22,995 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Healthpeak Properties, Inc. by 26.2%, owning 110,864 shares valued at approximately $2.24 million.
• Several institutional investors have also boosted their positions in Healthpeak Properties, with ownership by institutional investors and hedge funds reaching 93.57% of the company's stock.
• Healthpeak Properties has a current dividend yield of 6.8%, with a recent monthly dividend of $0.1017 per share paid to investors.

OMERS ADMINISTRATION Corp increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 26.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,864 shares of the real estate investment trust's stock after buying an additional 22,995 shares during the period. OMERS ADMINISTRATION Corp's holdings in Healthpeak Properties were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Machina Capital S.A.S. grew its position in Healthpeak Properties by 62.8% in the 1st quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust's stock valued at $751,000 after buying an additional 14,336 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in shares of Healthpeak Properties by 8.5% in the first quarter. Douglas Lane & Associates LLC now owns 2,792,850 shares of the real estate investment trust's stock worth $56,471,000 after acquiring an additional 218,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in 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 worth $7,229,000 after purchasing an additional 23,135 shares during the period. Ibex Wealth Advisors bought a new position in shares of Healthpeak Properties during the first quarter valued at $5,056,000. Finally, Vert Asset Management LLC increased 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 during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Up 1.1%

Shares of DOC stock traded up $0.21 during trading hours on Friday, hitting $18.21. 1,929,385 shares of the company were exchanged, compared to its average volume of 6,053,936. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50-day simple moving average is $17.73 and its two-hundred day simple moving average is $18.26. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 75.77, a P/E/G ratio of 2.28 and a beta of 1.07.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders 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 dividend payout ratio is currently 508.33%.

Insider Activity

In related news, CEO Scott M. Brinker purchased 2,930 shares of the company's stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 8,783 shares of company stock valued at $150,129 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company cut their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Seven 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, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

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.