Healthpeak Properties, Inc. $DOC Stake Lessened by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,991 shares of the real estate investment trust’s stock after selling 1,938 shares during the period. Fifth Third Bancorp’s holdings in Healthpeak Properties were worth $1,033,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its stake in shares of Healthpeak Properties by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 561 shares in the last quarter. Applied Finance Capital Management LLC increased its holdings in Healthpeak Properties by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 577 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its holdings in Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 666 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Healthpeak Properties by 4.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 722 shares in the last quarter. Finally, CX Institutional lifted its holdings in Healthpeak Properties by 11.9% during the 2nd quarter. CX Institutional now owns 6,820 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 726 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOC has been the subject of several research reports. Wall Street Zen lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a report on Monday, September 15th. Finally, Morgan Stanley dropped their price objective on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.45.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker bought 1,490 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the transaction, the chief executive officer directly owned 211,906 shares of the company’s stock, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 8,783 shares of company stock valued at $150,129 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $18.97 on Monday. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26. The company has a market cap of $13.18 billion, a PE ratio of 79.04, a P/E/G ratio of 2.44 and a beta of 1.07. The stock has a 50 day simple moving average of $17.80 and a 200-day simple moving average of $18.04. 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 (NYSE:DOC) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 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 firm had revenue of $694.35 million for the quarter, compared to analysts’ expectations of $697.14 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Monday, August 18th. Healthpeak Properties’s payout ratio is currently 508.33%.

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.