Tectonic Advisors LLC Acquires 86,220 Shares of Healthpeak Properties, Inc. $DOC

Key Points

• Tectonic Advisors LLC increased its stake in Healthpeak Properties by 21.3%, acquiring an additional 86,220 shares during the second quarter, bringing its total holdings to 491,408 shares valued at approximately $8.6 million.
• Healthpeak Properties recently announced a monthly dividend of $0.1017 per share, representing an annualized yield of 6.5%, with a payout ratio of 508.33%.
• Despite achieving an EPS of $0.46, Healthpeak's quarterly revenue was slightly below analysts' expectations, decreasing by 0.2% year-over-year.

Tectonic Advisors LLC grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 491,408 shares of the real estate investment trust's stock after acquiring an additional 86,220 shares during the quarter. Tectonic Advisors LLC owned about 0.07% of Healthpeak Properties worth $8,605,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS boosted its position in shares of Healthpeak Properties by 21.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 261,319 shares of the real estate investment trust's stock valued at $4,576,000 after acquiring an additional 46,100 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $980,000. LDR Capital Management LLC boosted its position in shares of Healthpeak Properties by 2.9% during the 2nd quarter. LDR Capital Management LLC now owns 127,868 shares of the real estate investment trust's stock valued at $2,239,000 after acquiring an additional 3,662 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Healthpeak Properties by 13.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 625,394 shares of the real estate investment trust's stock valued at $10,951,000 after acquiring an additional 75,853 shares during the last quarter. Finally, Measured Risk Portfolios Inc. boosted its position in shares of Healthpeak Properties by 8.6% during the 2nd quarter. Measured Risk Portfolios Inc. now owns 94,228 shares of the real estate investment trust's stock valued at $1,650,000 after acquiring an additional 7,449 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $18.86 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The business's 50 day simple moving average is $17.97 and its two-hundred day simple moving average is $18.01. The stock has a market capitalization of $13.11 billion, a P/E ratio of 78.59, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26.

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. The business had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties's payout ratio is 508.33%.

Insider Buying and Selling

In related news, CEO Scott M. Brinker purchased 2,930 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the purchase, the chief executive officer directly owned 210,416 shares of the company's stock, valued at approximately $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 SEC, which is available at the SEC website. Over the last 90 days, insiders purchased 8,783 shares of company stock valued at $150,129. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

DOC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Cantor Fitzgerald assumed coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $20.00 target price for the company. Raymond James Financial upgraded Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Finally, Wells Fargo & Company dropped their target price on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.33.

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.

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