Apg Asset Management US 13F: Cuts DOC Stake by $6.8M

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 5.3%

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.

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.

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.