Strs Ohio Makes New $41.94 Million Investment in Healthpeak Properties, Inc. $DOC

Key Points

• Strs Ohio has acquired a new stake in Healthpeak Properties, Inc., purchasing 2,074,149 shares valued at approximately $41.9 million, representing 0.30% of the company's stock.
• CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties at an average price of $17.06, increasing his ownership to a total of 210,416 shares valued at around $3.59 million.
• Healthpeak Properties recently set a FY 2025 earnings guidance of 1.810-1.870 EPS and announced a monthly dividend yielding 6.7%.

Strs Ohio purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,074,149 shares of the real estate investment trust's stock, valued at approximately $41,939,000. Strs Ohio owned approximately 0.30% of Healthpeak Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of Healthpeak Properties by 98.2% during the fourth quarter. Cetera Investment Advisers now owns 207,298 shares of the real estate investment trust's stock worth $4,202,000 after buying an additional 102,724 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Healthpeak Properties by 1.6% during the 4th quarter. Ensign Peak Advisors Inc now owns 223,148 shares of the real estate investment trust's stock valued at $4,523,000 after purchasing an additional 3,409 shares during the period. Janus Henderson Group PLC grew its stake in shares of Healthpeak Properties by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 79,403 shares of the real estate investment trust's stock worth $1,611,000 after purchasing an additional 1,603 shares during the period. Lazard Asset Management LLC raised its holdings in Healthpeak Properties by 51.6% in the fourth quarter. Lazard Asset Management LLC now owns 89,014 shares of the real estate investment trust's stock worth $1,803,000 after purchasing an additional 30,291 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Healthpeak Properties by 9.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,951 shares of the real estate investment trust's stock worth $1,175,000 after acquiring an additional 4,920 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of $17.06 per share, for a total transaction 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 trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 8,783 shares of company stock worth $150,129 in the last quarter. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Stock Up 1.1%

NYSE:DOC traded up $0.19 on Wednesday, hitting $18.42. The stock had a trading volume of 1,735,978 shares, compared to its average volume of 6,063,327. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The business's fifty day moving average is $17.76 and its 200 day moving average is $18.15. The company has a market cap of $12.80 billion, a PE ratio of 76.76, a P/E/G ratio of 2.35 and a beta of 1.07. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26.

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

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, August 18th. Healthpeak Properties's dividend payout ratio is presently 508.33%.

Wall Street Analyst Weigh In

DOC has been the topic of several recent research reports. Raymond James Financial raised Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Monday. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Evercore ISI set a $22.00 target price on Healthpeak Properties in a research note on Monday. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average price target of $21.45.

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.