TD Asset Management Inc Increases Stake in Healthpeak Properties, Inc. $DOC

TD Asset Management Inc lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 27.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 386,366 shares of the real estate investment trust’s stock after purchasing an additional 82,868 shares during the quarter. TD Asset Management Inc’s holdings in Healthpeak Properties were worth $6,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Naviter Wealth LLC raised its position in shares of Healthpeak Properties by 12.9% in the 2nd quarter. Naviter Wealth LLC now owns 44,727 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 5,126 shares during the last quarter. NorthRock Partners LLC increased its holdings in Healthpeak Properties by 25.8% in the 2nd quarter. NorthRock Partners LLC now owns 14,556 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,981 shares during the period. Verdence Capital Advisors LLC raised its position in Healthpeak Properties by 4.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 28,211 shares of the real estate investment trust’s stock worth $494,000 after buying an additional 1,176 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Healthpeak Properties by 55.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 138,808 shares of the real estate investment trust’s stock worth $2,431,000 after buying an additional 49,650 shares during the last quarter. Finally, LRI Investments LLC raised its position in Healthpeak Properties by 18.4% during the 2nd quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 697 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $16.83 per share, with a total value of $25,076.70. Following the purchase, the chief executive officer owned 211,906 shares of the company’s stock, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 8,783 shares of company stock valued at $150,129. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Wells Fargo & Company reduced 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 research report on Wednesday, August 27th. Morgan Stanley reduced their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently 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 $18.55 on Monday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 77.27, a PEG ratio of 3.16 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 firm’s 50 day simple moving average is $18.16 and its 200-day simple moving average is $17.89. 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) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $694.35 million for 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%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts expect 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 will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 6.6%. Healthpeak Properties’s dividend payout ratio is presently 508.33%.

Healthpeak Properties Company 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.