Wealth Enhancement Advisory Services LLC Has $9.64 Million Stake in Healthpeak Properties, Inc. $DOC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Healthpeak Properties, Inc. by 52.3% in the second quarter, owning 529,236 shares valued at approximately $9.64 million.
• Several other institutional investors have also increased their positions in Healthpeak Properties, with 93.57% of the company's stock currently held by institutional investors.
• Analysts have set mixed price targets for Healthpeak Properties, with an average target price of $21.45 and eight out of eleven analysts recommending a Buy rating.

Wealth Enhancement Advisory Services LLC lifted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 52.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,236 shares of the real estate investment trust's stock after purchasing an additional 181,708 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of Healthpeak Properties worth $9,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Swedbank AB grew its position in Healthpeak Properties by 16.7% in the second quarter. Swedbank AB now owns 92,610 shares of the real estate investment trust's stock valued at $1,622,000 after acquiring an additional 13,248 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Healthpeak Properties by 3.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 246,554 shares of the real estate investment trust's stock worth $4,317,000 after purchasing an additional 7,436 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of Healthpeak Properties by 496.8% during the second quarter. Bruce G. Allen Investments LLC now owns 4,440 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 3,696 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Healthpeak Properties by 4.8% during the second quarter. Mirador Capital Partners LP now owns 36,328 shares of the real estate investment trust's stock worth $636,000 after purchasing an additional 1,655 shares during the last quarter. Finally, MFG Wealth Management Inc. grew its holdings in shares of Healthpeak Properties by 1.9% during the second quarter. MFG Wealth Management Inc. now owns 127,546 shares of the real estate investment trust's stock worth $2,233,000 after purchasing an additional 2,427 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Evercore ISI set a $22.00 price target on Healthpeak Properties in a research report on Monday, September 15th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, 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 report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.45.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,930 shares of the stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $17.06 per share, with a total value of $49,985.80. Following the acquisition, the chief executive officer owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders acquired 8,783 shares of company stock worth $150,129. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $18.54 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. The stock has a 50 day moving average of $17.76 and a 200-day moving average of $18.09. The company has a market capitalization of $12.88 billion, a P/E ratio of 77.23, a P/E/G ratio of 2.38 and a beta of 1.07.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly 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 business had revenue of $694.35 million during 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%.The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

About Healthpeak Properties

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.