Vestmark Advisory Solutions Inc. Takes $402,000 Position in Healthpeak Properties, Inc. $DOC

Key Points

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Vestmark Advisory Solutions Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,884 shares of the real estate investment trust's stock, valued at approximately $402,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOC. Townsquare Capital LLC increased its holdings in shares of Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after purchasing an additional 584 shares during the period. CreativeOne Wealth LLC increased its holdings in shares of Healthpeak Properties by 52.5% in the fourth quarter. CreativeOne Wealth LLC now owns 14,016 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 4,826 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Healthpeak Properties by 10.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,409 shares of the real estate investment trust's stock valued at $292,000 after purchasing an additional 1,371 shares during the period. Freedom Investment Management Inc. increased its holdings in shares of Healthpeak Properties by 9.8% in the fourth quarter. Freedom Investment Management Inc. now owns 19,624 shares of the real estate investment trust's stock valued at $398,000 after purchasing an additional 1,759 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Healthpeak Properties by 231.8% in the fourth quarter. First Trust Advisors LP now owns 478,098 shares of the real estate investment trust's stock valued at $9,691,000 after purchasing an additional 333,998 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

DOC traded up $0.4450 during trading on Friday, reaching $17.7250. 8,696,799 shares of the stock were exchanged, compared to its average volume of 8,563,543. The business's 50 day moving average price is $17.62 and its two-hundred day moving average price is $18.38. 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 company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 73.86, a P/E/G ratio of 2.20 and a beta of 1.05. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its 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 company had revenue of $694.35 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.1017 per share. This represents a yield of 705.0%. The ex-dividend date is Monday, August 18th. Healthpeak Properties's payout ratio is presently 508.33%.

Insiders Place Their Bets

In other news, Director Tommy G. Thompson bought 5,777 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director owned 144,290 shares in the company, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Brinker bought 1,490 shares of the firm's stock in a transaction on Monday, August 4th. The shares were purchased at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the transaction, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. This represents a 0.71% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 14,560 shares of company stock worth $249,898. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DOC shares. Wells Fargo & Company dropped their target price on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.70.

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.