Total Wealth Planning & Management Inc. Purchases New Shares in Healthpeak Properties, Inc. $DOC

Total Wealth Planning & Management Inc. purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the second quarter, Holdings Channel.com reports. The fund purchased 10,245 shares of the real estate investment trust’s stock, valued at approximately $179,000.

A number of other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Healthpeak Properties by 584.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,218,848 shares of the real estate investment trust’s stock worth $186,405,000 after buying an additional 7,872,150 shares during the last quarter. Nuveen LLC purchased a new stake in Healthpeak Properties during the first quarter worth about $124,113,000. Invesco Ltd. increased its holdings in Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock worth $467,311,000 after buying an additional 3,967,830 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Healthpeak Properties by 57.8% during the first quarter. Goldman Sachs Group Inc. now owns 6,764,854 shares of the real estate investment trust’s stock worth $136,785,000 after buying an additional 2,477,307 shares during the last quarter. Finally, Amundi increased its holdings in Healthpeak Properties by 89.4% during the first quarter. Amundi now owns 5,047,699 shares of the real estate investment trust’s stock worth $98,228,000 after buying an additional 2,382,657 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 1,490 shares of the company’s stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the transaction, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. This trade represents a 0.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 8,783 shares of company stock worth $150,129 in the last three months. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Morgan Stanley reduced their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Cantor Fitzgerald began coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.33.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $18.04 on Friday. The company has a 50 day moving average of $18.02 and a 200 day moving average of $17.98. The stock has a market cap of $12.53 billion, a P/E ratio of 75.15, a P/E/G ratio of 3.15 and a beta of 1.09. Healthpeak Properties, Inc. has a 12 month low of $16.63 and a 12 month high of $23.26. 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 issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. Healthpeak Properties’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 6.8%. Healthpeak Properties’s payout ratio is presently 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.