Resolution Capital Ltd Buys 1,291,348 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Resolution Capital Ltd increased its stake in Healthpeak Properties, Inc. by 21.3%, with a total of 7,349,309 shares owned, making it the 13th largest holding in their portfolio.
• Healthpeak Properties' stock price target has been adjusted downwards by several analysts, with Scotiabank reducing it from $21.00 to $19.00 and Deutsche Bank from $28.00 to $18.00.
• The company recently declared a monthly dividend of $0.1017, which translates to an annual yield of 6.6% despite a high payout ratio of 508.33%.

Resolution Capital Ltd lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,349,309 shares of the real estate investment trust's stock after buying an additional 1,291,348 shares during the period. Healthpeak Properties comprises approximately 2.9% of Resolution Capital Ltd's investment portfolio, making the stock its 13th biggest position. Resolution Capital Ltd owned approximately 1.06% of Healthpeak Properties worth $148,603,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DOC. Nuveen LLC bought a new position in Healthpeak Properties in the first quarter valued at about $124,113,000. Invesco Ltd. grew its holdings in shares of Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after purchasing an additional 3,967,830 shares during the last quarter. Amundi increased its stake in shares of Healthpeak Properties by 89.4% in the first quarter. Amundi now owns 5,047,699 shares of the real estate investment trust's stock valued at $98,228,000 after buying an additional 2,382,657 shares during the period. Centersquare Investment Management LLC raised its holdings in Healthpeak Properties by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock valued at $268,642,000 after buying an additional 2,070,416 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Healthpeak Properties in the 4th quarter valued at approximately $30,153,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DOC shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wells Fargo & Company reduced their price objective on shares of 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. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Finally, Morgan Stanley reduced their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Healthpeak Properties Trading Up 1.2%

DOC stock traded up $0.21 during midday trading on Thursday, hitting $18.16. The stock had a trading volume of 6,747,146 shares, compared to its average volume of 6,094,424. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a market cap of $12.62 billion, a P/E ratio of 75.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. The business has a fifty day moving average price of $17.76 and a two-hundred day moving average price of $18.22. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The firm had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same period last year, the business posted $0.45 EPS. The business's revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's payout ratio is presently 508.33%.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 1,490 shares of the company's stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, the chief executive officer owned 211,906 shares in the company, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 8,783 shares of company stock valued at $150,129 in the last ninety days. 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.