Wolff Wiese Magana LLC Has $3.28 Million Stock Holdings in Healthpeak Properties, Inc. $DOC

Key Points

• Wolff Wiese Magana LLC increased its stake in Healthpeak Properties by 22.6% in Q2, holding a total of $3.28 million worth of shares, which represents approximately 2.0% of its total holdings.
• Insider transactions revealed that CEO Scott M. Brinker purchased 1,490 shares valued at about $25,076.70, increasing his total ownership to 211,906 shares.
• Healthpeak Properties declared a monthly dividend of $0.1017 per share, resulting in an annual yield of 6.4%, despite a high dividend payout ratio of 508.33%.

Wolff Wiese Magana LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 22.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,536 shares of the real estate investment trust's stock after acquiring an additional 34,630 shares during the quarter. Healthpeak Properties makes up approximately 2.0% of Wolff Wiese Magana LLC's holdings, making the stock its 9th biggest position. Wolff Wiese Magana LLC's holdings in Healthpeak Properties were worth $3,284,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DOC. TCTC Holdings LLC grew its stake in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 751 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 873 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC grew its stake in shares of Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. 93.57% of the stock is owned by institutional investors.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 1,490 shares of the business's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $16.83 per share, with a total value of $25,076.70. Following the acquisition, the chief executive officer directly owned 211,906 shares of the company's stock, valued at $3,566,377.98. This trade represents a 0.71% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders acquired 8,783 shares of company stock worth $150,129. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Trading Up 2.3%

Shares of Healthpeak Properties stock opened at $18.97 on Monday. The business has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $18.04. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 79.04, a P/E/G ratio of 2.44 and a beta of 1.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same quarter last year, the firm posted $0.45 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders 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) annualized dividend and a yield of 6.4%. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DOC shares. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Raymond James Financial raised Healthpeak Properties from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Monday, September 15th. Scotiabank downgraded 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Morgan Stanley cut their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average target price 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.

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