Apg Asset Management US Reduces $7M in Healthpeak Properties, Inc. ($DOC)
Apg Asset Management US trims its Healthpeak Properties stake by 16% as of the latest 13F filing.
Key Points
- Apg Asset Management US reduced its holdings in Healthpeak Properties by 315,673 shares, a 16% decrease, ending with 1.66 million shares valued at $34.4 million.
- Healthpeak Properties, trading at $20.69, has a market cap of $14.26 billion and a P/E ratio of 64.66, with a 52-week range between $15.70 and $20.82.
- Insiders made several trades, including EVP Ankit Patadia buying and selling shares, while analysts like Morgan Stanley downgraded the stock to a hold.
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Apg Asset Management US has reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 16%, according to its latest 13F filing with the SEC. The fund sold 315,673 shares during the reporting period, bringing its total holdings to 1,664,514 shares valued at approximately $34.4 million.
What Changed in Apg Asset Management US's Healthpeak Properties Position
The recent filing reveals that Apg Asset Management US cut its position in Healthpeak Properties from 1,980,187 shares to 1,664,514 shares, a decrease of 315,673 shares or about 16%. This adjustment reflects a strategic decision as the shares are now valued at approximately $34.4 million.
Other Institutional Activity in Healthpeak Properties
Several other institutional investors also made changes to their positions in Healthpeak Properties. BlackRock, Inc. reduced its holdings by 182,068 shares, ending with 73,360,519 shares valued at about $1.21 billion. Meanwhile, JPMorgan Chase & Co significantly increased its position by 14,056,729 shares, totaling 44,731,541 shares worth $740.3 million. State Street Corp trimmed its stake by 872,866 shares, now holding 48,500,600 shares valued at $796.9 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both reported their holdings at 58,125,899 and 45,218,927 shares, respectively, with values of approximately $955.0 million and $742.9 million.
Healthpeak Properties, Inc. Stock Up 2.1%
Shares of Healthpeak Properties are trading around $20.69. The company, with a market cap of $14.26 billion, has a P/E ratio of 64.66 and a forward P/E of 137.93, indicating high expectations for future earnings. The stock's 52-week range is between $15.70 and $20.82. Its 50-day moving average stands at $18.27, and the 200-day moving average is $17.72. The company's beta is 1.03, suggesting moderate volatility compared to the market.
$DOC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Healthpeak Properties reported revenue of $2.87 billion, a 7.1% increase over the previous period. The company's net margin is 7.73%, with a return on equity of 2.8%. Its earnings per share (EPS) is $0.32. The next earnings report is expected on July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 515.4%. Revenue beat estimates by 7.3%.
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Profit surprise
EBITDA beat by 47 percent. Operating income beat sharply.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises, 1 target cut.
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Earnings quality
Gross margin down 81.1 points. Operating margin down 3.7 points. Positive free cash flow.
Earnings Call Summary
Healthpeak had a solid first quarter with outpatient medical leasing spreads of 5.4 percent and occupancy at 91 percent, while life science occupancy reached 77.7 percent with strong leasing momentum. The company completed the Janus Living IPO generating value and deployed $714 million into senior housing acquisitions, plus bought back $100 million of stock in April to improve future earnings. Management noted that life science market conditions are improving with strong M&A activity and capital raising, and they expect occupancy to grow at least 100 basis points by year-end.
Guidance Management expects full-year FFO between $1.71 and $1.75 per share, up from previous guidance, reflecting the successful Janus Living spin and senior housing outperformance. They plan to deploy about $750 million into acquisitions by year-end to offset IPO dilution and drive growth in 2027.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Healthpeak Properties offers an annual dividend rate of $1.22 per share, yielding 5.9%. The dividend payout ratio is 381.26%, reflecting the company's commitment to returning value to shareholders.
Insider Buying and Selling at Healthpeak Properties, Inc.
Recent insider activity at Healthpeak Properties includes several transactions. On May 29, 2026, Ankit Patadia, EVP and Treasurer, bought 1,358 shares at $15.46 and sold 94 shares at $19.15. Chief Financial Officer Kelvin Moses purchased 937 shares at $15.46. President and CEO Scott Brinker sold 114 shares at $19.15.
Analysts Set New Price Targets
On June 11, 2026, Morgan Stanley downgraded Healthpeak Properties to a hold with a $22.00 price target. Wells Fargo maintained its hold rating with a $20.00 target on June 1, 2026. Scotiabank also held its rating with a $21.00 target on May 27, 2026. The consensus recommendation is a buy, with an average target price of $21.06 among 18 analysts.
About Healthpeak Properties
Healthpeak Properties, Inc. is a real estate investment trust (REIT) specializing in healthcare facilities in the United States. Based in Denver, Colorado, the company operates a diversified portfolio of properties, including outpatient medical buildings, labs, and continuing care retirement communities. Led by CEO Scott M. Brinker, Healthpeak is part of the S&P 500 and employs over 400 people.
Bottom Line
Apg Asset Management US's decision to trim its stake in Healthpeak Properties is part of its strategic portfolio management. Investors often track these filings to gauge institutional sentiment, though it's worth noting that 13F filings are backward-looking and may not reflect current positions. Healthpeak's stock remains an interesting subject for investors, given its market presence and the recent analyst ratings.
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