Resolution Capital Ltd Increases Stock Position in 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 boosted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 quarter. Healthpeak Properties makes up approximately 2.9% of Resolution Capital Ltd's portfolio, making the stock its 13th biggest position. Resolution Capital Ltd owned about 1.06% of Healthpeak Properties worth $148,603,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. boosted its stake 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 valued at $467,311,000 after purchasing an additional 3,967,830 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Healthpeak Properties by 6.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock valued at $372,004,000 after purchasing an additional 1,129,924 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Healthpeak Properties by 18.5% during the first 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 purchasing an additional 2,070,416 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Healthpeak Properties by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock valued at $210,126,000 after purchasing an additional 76,978 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Healthpeak Properties by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock valued at $207,012,000 after purchasing an additional 84,551 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Down 1.3%

DOC stock traded down $0.24 on Tuesday, reaching $18.06. The company's stock had a trading volume of 6,424,342 shares, compared to its average volume of 6,252,478. The business has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $18.22. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26. The firm has a market cap of $12.55 billion, a PE ratio of 75.25, a PEG ratio of 2.35 and a beta of 1.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS 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 company had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm'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, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) annualized dividend and a yield of 6.8%. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company dropped their price objective on 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. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. 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, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average target price of $21.50.

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 2,930 shares of the stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer owned 210,416 shares of the company's stock, valued at $3,589,696.96. This represents a 1.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 8,783 shares of company stock worth $150,129 over the last ninety days. Company insiders own 0.23% of the company's stock.

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.