Healthpeak Properties, Inc. $DOC Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Healthpeak Properties, Inc. by 18.4%, selling 28,621 shares to hold 127,156 shares worth approximately $2.57 million as of the latest quarter.
• Several institutional investors increased their holdings in Healthpeak Properties, with Brooklyn Investment Group boosting its position by 198.9% during the same period.
• Healthpeak Properties recently announced a monthly dividend of $0.1017 per share, representing an annual yield of 6.8%.

Wellington Management Group LLP trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,156 shares of the real estate investment trust's stock after selling 28,621 shares during the quarter. Wellington Management Group LLP's holdings in Healthpeak Properties were worth $2,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Healthpeak Properties by 11.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 16,853 shares of the real estate investment trust's stock valued at $342,000 after purchasing an additional 1,700 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Healthpeak Properties by 29.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,379 shares of the real estate investment trust's stock valued at $778,000 after acquiring an additional 8,726 shares in the last quarter. Aristotle Capital Boston LLC acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $3,075,000. Alyeska Investment Group L.P. boosted its stake in Healthpeak Properties by 160.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,591,773 shares of the real estate investment trust's stock valued at $52,535,000 after acquiring an additional 1,596,740 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $4,289,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

NYSE DOC traded up $0.17 during trading hours on Thursday, hitting $17.90. 2,498,368 shares of the company's stock traded hands, compared to its average volume of 6,065,137. 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 $12.44 billion, a PE ratio of 74.52, a PEG ratio of 2.30 and a beta of 1.07. The firm's 50-day moving average is $17.72 and its 200-day moving average is $18.27. 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, hitting analysts' consensus estimates of $0.46. The company had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.1017 per share. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a yield of 6.8%. Healthpeak Properties's payout ratio is presently 508.33%.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 1,490 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares in the company, valued at $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 8,783 shares of company stock valued at $150,129 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, August 27th. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Morgan Stanley cut their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Seven research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

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.