Public Employees Retirement System of Ohio Acquires 6,556 Shares of Healthpeak Properties, Inc. $DOC

Public Employees Retirement System of Ohio increased its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,221,135 shares of the real estate investment trust’s stock after acquiring an additional 6,556 shares during the period. Public Employees Retirement System of Ohio’s holdings in Healthpeak Properties were worth $21,382,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DOC. TCTC Holdings LLC increased its position in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 751 shares during the last quarter. Brooklyn Investment Group grew its holdings in 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 valued at $27,000 after purchasing an additional 873 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Healthpeak Properties in the 1st quarter worth about $30,000. S.A. Mason LLC raised its position in Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares during the period. Finally, Dagco Inc. bought a new stake in Healthpeak Properties in the first quarter worth about $30,000. 93.57% of the stock is currently owned by institutional investors.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of Healthpeak Properties stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer directly owned 210,416 shares of the company’s stock, valued at approximately $3,589,696.96. This represents a 1.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 8,783 shares of company stock worth $150,129 over the last 90 days. Company insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DOC. Morgan Stanley cut their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. 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 research 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 research report on Wednesday, July 30th. 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 research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.45.

Healthpeak Properties Price Performance

DOC opened at $18.57 on Friday. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 77.36, a PEG ratio of 2.40 and a beta of 1.07. 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 business’s fifty day simple moving average is $17.79 and its 200-day simple moving average is $18.08.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter 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 anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid 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 dividend yield of 6.6%. Healthpeak Properties’s dividend payout ratio (DPR) 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.