Resona Asset Management Co. Ltd. Acquires 33,254 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Healthpeak Properties (NYSE:DOC) by 8.4% during the first quarter, owning approximately $8.64 million in shares.
• Analysts have lowered their price targets for Healthpeak Properties, with Wells Fargo reducing its target from $22.00 to $20.00 and Scotiabank from $21.00 to $19.00.
• The company recently declared a dividend of $0.1017 per share with an ex-dividend date of August 18th, representing a surprisingly high dividend yield of 705.0%.

Resona Asset Management Co. Ltd. increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,715 shares of the real estate investment trust's stock after acquiring an additional 33,254 shares during the period. Resona Asset Management Co. Ltd. owned about 0.06% of Healthpeak Properties worth $8,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its holdings in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties in the first quarter valued at approximately $30,000. S.A. Mason LLC grew its position in Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Beacon Capital Management LLC increased its stake in shares of Healthpeak Properties by 138.3% during the 1st quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Healthpeak Properties by 120.6% during the 1st quarter. Larson Financial Group LLC now owns 1,873 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,024 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Transactions at Healthpeak Properties

In related news, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares in the company, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott M. Brinker bought 2,930 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the transaction, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 14,560 shares of company stock valued at $249,898 over the last ninety days. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Argus reiterated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

Healthpeak Properties Stock Performance

Shares of DOC traded up $0.0450 during trading hours on Tuesday, reaching $17.1050. 1,935,716 shares of the company traded hands, compared to its average volume of 6,020,745. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. 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 stock has a market cap of $11.89 billion, a P/E ratio of 71.19, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The stock's fifty day moving average is $17.63 and its 200 day moving average is $18.44.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate 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 analysts' expectations of $697.14 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a $0.1017 dividend. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties's dividend payout ratio is currently 508.33%.

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.