Smith Asset Management Co. LLC Makes New $558,000 Investment in Healthpeak Properties, Inc. $DOC

Key Points

• Smith Asset Management Co. LLC invested approximately $558,000 in Healthpeak Properties, purchasing 27,583 shares as part of its new position during the first quarter.
• Analysts have recently cut their price targets for Healthpeak Properties, with Wells Fargo reducing its target from $20.00 to $18.00, indicating a cautious outlook on the stock.
• Healthpeak Properties declared a monthly dividend payout of $0.1017 per share, with a dividend yield of 6.7%, and a payout ratio currently at 508.33%.

Smith Asset Management Co. LLC purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,583 shares of the real estate investment trust's stock, valued at approximately $558,000.

Other hedge funds have also modified their holdings of the company. Machina Capital S.A.S. grew its holdings in shares of Healthpeak Properties by 62.8% during 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 buying an additional 14,336 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of 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 worth $56,471,000 after buying an additional 218,395 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Healthpeak Properties by 6.9% during 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 buying an additional 23,135 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Healthpeak Properties during the first quarter worth about $5,056,000. Finally, Vert Asset Management LLC grew its holdings in shares of Healthpeak Properties by 6.9% during 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 buying an additional 20,924 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Activity

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 1,490 shares of the business's stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $16.83 per share, with a total value of $25,076.70. Following the completion of the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 8,783 shares of company stock valued at $150,129 over the last ninety days. Company insiders own 0.23% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DOC. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Morgan Stanley decreased their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.50.

Healthpeak Properties Stock Down 0.4%

DOC stock opened at $18.32 on Tuesday. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 76.32, a P/E/G ratio of 2.37 and a beta of 1.07. The business has a 50 day moving average price of $17.77 and a two-hundred day moving average price of $18.22. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting 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 analysts' expectations of $697.14 million. During the same period last year, the firm posted $0.45 earnings per share. The business'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. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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

Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.