DOC Healthpeak Properties, Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$20.72
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$16–$23
69% of range
Analyst Rating
HOLD
26 analysts
Price Target
$23
+10% upside
P/E (TTM)
207.2
ROE
0.90%
Net Profit Margin
2.5%

About Healthpeak Properties, Inc. Common Stock Company overview from Wikipedia

Healthpeak Properties, Inc. is an American real estate investment trust that invests in senior housing, life science labs, and medical offices. As of December 31, 2025, the company owned interests in 689 properties.

Read more

Healthpeak Properties, Inc. is an American real estate investment trust that invests in senior housing, life science labs, and medical offices. As of December 31, 2025, the company owned interests in 689 properties.

## History

The company was founded in May 1985. That year, the company became a public company via an initial public offering.

In September 2007, the company changed its name from Health Care Property Investors, Inc. to HCP, Inc.

In October 2016, the company completed the spin-off of Quality Care Properties.

In October 2019, the company restructured its joint venture with Brookdale Senior Living. HCP acquired Brookdale's 51% interest in 12 properties for $510 million and Brookdale acquired 18 properties from HCP for $405 million.

The company changed its name to Healthpeak Properties, Inc. in November 2019.

In November 2020, the company announced that it will move its headquarters from California to Denver.

In March 2024, the company acquired Physicians Realty Trust.

In March 2026, the company sold a minority interest in Janus Senior Living.

That month, the company began plans for a $4.5 billion, 4.6-million-square-foot mixed-use development in Cambridge, Massachusetts.

In July 2026, the company sold a 49% interest in its $2.1 billion portfolio of outpatient medical buildings to Brookfield Asset Management.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

DOC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$20.72
Market Cap
$14.40B
P/E (TTM)
207.2
EPS (TTM)
$0.10
Revenue (TTM)
$2.82B
Div Yield
5.9%
ROE
0.90%
Debt/Equity
—
52W Range
$16 – $23

DOC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.82B
10-point trend, +32.6%
2016-12-31 → 2025-12-31
EPS $0.10
10-point trend, -92.5%
2016-12-31 → 2025-12-31
Free Cash Flow $357M
10-point trend, -52.7%
2016-12-31 → 2025-12-31
Margins 2.5%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DOC
Peer Median
P/E (TTM)
5-point trend, +314.4%
207.2
50.5
P/S (TTM)
5-point trend, -61.4%
5.1
6.9
P/B
5-point trend, -50.1%
1.9
2.2
Price / FCF
5-point trend, -94.3%
40.3
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DOC
Peer Median
Net Profit Margin
5-point trend, -90.5%
2.5%
9.9%
ROA
5-point trend, -89.2%
0.35%
2.2%
ROE
5-point trend, -88.2%
0.90%
3.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DOC
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DOC
Peer Median
Revenue YoY
5-point trend, +48.9%
4.5%
—
Revenue CAGR 3Y
5-point trend, +48.9%
11.1%
—
Revenue CAGR 5Y
5-point trend, +48.9%
11.4%
—
EPS YoY
5-point trend, -89.2%
-72.2%
—
Net Income YoY
5-point trend, -85.9%
-70.7%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DOC
Peer Median
EPS (Diluted)
5-point trend, -89.2%
$0.10
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DOC
Peer Median
Payout Ratio
5-point trend, +825.5%
1190.1%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
5.9%
Payout Ratio
1190.1%
5Y Div CAGR
—
Ex-dateAmount
Aug. 17, 2026$0.1020
July 20, 2026$0.1020
June 15, 2026$0.1020
May 18, 2026$0.1020
April 17, 2026$0.1020
March 17, 2026$0.1020
Feb. 13, 2026$0.1020
Jan. 16, 2026$0.1020
Dec. 19, 2025$0.1020
Nov. 14, 2025$0.1020
Oct. 17, 2025$0.1020
Sept. 19, 2025$0.1020
Aug. 18, 2025$0.1020
July 18, 2025$0.1020
June 16, 2025$0.1020
May 19, 2025$0.1020
April 17, 2025$0.1020
Feb. 14, 2025$0.3050
Nov. 4, 2024$0.3000
Aug. 5, 2024$0.3000

DOC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 26 analysts
  • Strong Buy 4 15.4%
  • Buy 6 23.1%
  • Hold 16 61.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

19 analysts · 2026-08-18
Median target $23.00 +11.0%
Mean target $22.87 +10.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.07%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.08 $0.03 0.05%
March 31, 2026 $0.28 $0.05 0.23%
Dec. 31, 2025 $0.16 $0.06 0.10%
Sept. 30, 2025 $0.08 $0.06 0.02%
June 30, 2025 $0.05 $0.06 -0.01%
March 31, 2025 $0.06 $0.05 0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DOC $11.18B 160.8 4.5% 2.5% 0.90% —
WELL $129.28B 133.5 35.6% 8.9% 2.6% —
VTR — 143.3 18.5% 4.5% 2.2% —
OHI $13.10B 22.9 13.2% 49.6% 12.2% —
AHR $8.75B 112.0 9.2% 3.1% 2.5% —
JAN — — — — — —
CTRE $8.05B 23.0 60.8% 67.3% 9.2% —
ARE $8.35B -5.8 -2.9% -47.2% -8.6% —
HR $5.96B -23.9 -6.9% -20.8% -5.0% —
SBRA $4.77B 29.6 10.2% 20.1% 5.6% —
NHI $3.69B 25.3 12.1% 37.9% 9.8% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14
Annual Income Statement data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +72.4% $2.82B $2.70B $2.18B $2.06B $1.90B $1.64B $1.24B $1.19B $1.85B $2.13B $1.94B $1.64B
Cost of Revenue 9-point trend, +45.6% · $1.07B $902M $863M $773M $783M $405M $379M $666M $738M · ·
SG&A Expense 12-point trend, +10.6% $90M $97M $95M $131M $98M $93M $93M $97M $89M $104M $96M $82M
Operating Expenses 12-point trend, +584.0% $2.61B $2.67B $1.96B $1.89B $773M $783M $405M $379M $666M $738M $611M $381M
Interest Expense 12-point trend, -30.6% $305M $280M $200M $173M $158M $218M $218M $261M $308M $464M $480M $440M
Interest Income 12-point trend, -16.1% $62M $45M $22M $23M $38M $17M $10M $10M $56M $89M $112M $74M
Other Non-op 12-point trend, -94.8% $479.0K $59M $7M $326M $6M $235M $165M $13M $31M $4M $16M $9M
Pretax Income 12-point trend, +7986.1% $284M $273M $315M $507M $128M $218M $176M $839M $11M $11M $7M $-4M
Income Tax 12-point trend, +1934.6% $9M $4M $-10M $-4M $-3M $-9M $-5M $-4M $-1M $4M $-10M $-506.0K
Net Income 12-point trend, -92.3% $71M $243M $306M $500M $506M $414M $46M $1.06B $414M $628M $-559M $922M
EPS (Basic) 12-point trend, -95.0% $0.10 $0.36 $0.56 $0.92 $0.93 $0.77 $0.09 $2.25 $0.88 $1.34 $-1.21 $2.01
EPS (Diluted) 12-point trend, -95.0% $0.10 $0.36 $0.56 $0.92 $0.93 $0.77 $0.09 $2.24 $0.88 $1.34 $-1.21 $2.00
Shares (Basic) 12-point trend, +51.8% 696,026,000 675,680,000 547,006,000 538,809,000 538,930,000 530,555,000 486,255,000 470,551,000 468,759,000 467,195,000 462,795,000 458,425,000
Shares (Diluted) 12-point trend, +51.7% 696,044,000 676,233,000 547,275,000 539,147,000 539,241,000 531,056,000 489,335,000 475,387,000 468,935,000 467,403,000 462,795,000 458,796,000
Balance Sheet 13
Annual Balance Sheet data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +157.0% $467M $120M $118M $72M $158M $44M $80M $54M $55M $95M $346M $182M
PP&E (Gross) 3-point trend, +15.4% $45M $38M $39M · · · · · · · · ·
Goodwill 12-point trend, +36.1% $69M $69M $18M $18M $18M $18M $17M $47M $47M $42M $47M $50M
Intangibles 12-point trend, +36.1% $655M $817M $314M $418M $520M $520M $260M $305M $410M $480M $587M $481M
Total Assets 12-point trend, -4.7% $20.34B $19.94B $15.70B $15.77B $15.26B $15.92B $14.03B $12.72B $14.09B $15.76B $21.45B $21.33B
Total Liabilities 12-point trend, +16.4% $12.03B $10.88B $8.77B $8.48B $8.11B $8.57B $7.37B $6.21B $8.49B $9.82B $11.70B $10.33B
Long-term Debt 12-point trend, +1.9% $9.85B $8.72B $6.88B $6.50B $6.17B $6.62B $6.30B $5.48B $7.79B $9.10B $10.97B $9.66B
Common Stock 12-point trend, +51.2% $695M $699M $547M $547M $539M $538M $505M $477M $469M $468M $465M $460M
Paid-in Capital 12-point trend, +11.7% $12.77B $12.85B $10.41B $10.35B $10.10B $10.18B $9.18B $8.40B $8.23B $8.20B $11.65B $11.43B
AOCI 12-point trend, +58.4% $-10M $29M $19M $28M $-3M $-4M $-3M $-5M $-24M $-30M $-30M $-24M
Stockholders' Equity 12-point trend, -30.1% $7.50B $8.40B $6.35B $6.65B $6.52B $6.73B $6.09B $5.94B $5.30B $5.55B $9.34B $10.74B
Liabilities + Equity 12-point trend, -4.7% $20.34B $19.94B $15.70B $15.77B $15.26B $15.92B $14.03B $12.72B $14.09B $15.76B $21.45B $21.33B
Shares Outstanding 12-point trend, +51.2% 695,036,731 699,485,139 547,156,311 546,641,973 539,096,879 538,405,393 505,221,643 477,496,499 469,435,678 468,081,489 465,488,492 459,746,267
Cash Flow 15
Annual Cash Flow data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +132.7% $1.06B $1.06B $750M $711M $684M $554M $435M $405M $535M $568M $505M $455M
Stock-based Comp 12-point trend, -34.2% $14M $16M $14M $26M $18M $17M $18M $17M $14M $23M $26M $22M
Deferred Tax 12-point trend, +184.0% $4M $-2M $-15M $-6M $-4M $-2M $-6M $-9M $-6M $-14M $-18M $-5M
Operating Cash Flow 12-point trend, +0.3% $1.25B $1.07B $956M $900M $795M $758M $846M $849M $847M $1.21B $1.22B $1.25B
CapEx 12-point trend, +227.8% $895M $737M $775M $962M $760M $789M $677M $561M $472M $459M $385M $273M
Investing Cash Flow 12-point trend, +31.6% $-1.03B $-114M $-577M $-876M $531M $-1.01B $-1.45B $1.83B $1.25B $-429M $-1.66B $-1.51B
Stock Issued 2-point trend, -21.9% · · · · · · · $57M · · $73M ·
Stock Repurchased 12-point trend, +664.7% $97M $191M $7M $68M $13M $11M $5M $3M $5M $9M $9M $13M
Net Stock Activity 12-point trend, -664.7% $-97M $-191M $-7M $-68M $-13M $-11M $-5M $-3M $-5M $-9M $64M $-13M
Dividends Paid 12-point trend, -15.2% $849M $795M $657M $648M $650M $787M $720M $697M $695M $980M $1.05B $1.00B
Financing Cash Flow 12-point trend, -6.0% $136M $-941M $-337M $-117M $-1.29B $246M $647M $-2.62B $-2.15B $-1.05B $614M $145M
Net Change in Cash 12-point trend, +402.7% $353M $15M $42M $-93M $38M $-3M $45M $58M $-55M $-270M $174M $-117M
Taxes Paid 12-point trend, -32.7% $3M $8M $2M $-2M $5M $-786.0K $1M $4M $10M $14M $7M $5M
Free Cash Flow 11-point trend, -57.2% $357M $334M $182M $-62M $36M $-30M $102M $242M $375M $755M $834M ·
Levered FCF 10-point trend, -82.9% $62M $58M $-25M · $-126M $-258M $328M $1.81B $30M $474M $362M ·
Profitability 4
Annual Profitability data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, -93.8% 2.5% 9.0% 14.0% 24.3% 26.7% 25.1% 2.3% 57.5% 22.4% 29.5% -22.0% 40.7%
Pretax Margin 11-point trend, -74.5% 10.1% 10.1% 14.4% · 6.8% 13.2% -0.43% -0.14% 0.59% 0.53% -22.3% 39.4%
ROA 12-point trend, -92.1% 0.35% 1.4% 1.9% 3.2% 3.2% 2.8% 0.34% 7.9% 2.8% 3.4% -2.6% 4.5%
ROE 12-point trend, -89.5% 0.90% 3.3% 4.7% 7.6% 7.6% 6.4% 0.76% 18.9% 7.6% 8.4% -5.6% 8.6%
Efficiency 1
Annual Efficiency data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +28.2% 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Per Share 7
Annual Per Share data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -53.8% $10.79 $12.01 $11.61 $12.17 $12.09 $12.61 $12.04 $12.45 $11.29 $11.85 $20.07 $23.35
Revenue / Share 12-point trend, -17.9% $4.06 $3.99 $3.99 $3.82 $3.52 $3.10 $4.08 $3.88 $3.94 $4.56 $5.50 $4.94
Cash Flow / Share 12-point trend, -33.9% $1.80 $1.58 $1.75 $1.67 $1.47 $1.43 $1.73 $1.79 $1.81 $2.60 $2.64 $2.72
Cash / Share 12-point trend, +68.2% $0.67 $0.17 $0.21 $0.13 $0.29 $0.08 $0.29 $0.23 $0.12 $0.20 $0.74 $0.40
Dividend / Share 12-point trend, -44.0% $1 $1 $1 $1 $1 $1 $1 $1 $1 $2 $2 $2
Dividend Paid / Share 7-point trend, -44.0% $1 $1 $1 · · · · · $1 $2 $2 $2
EPS (TTM) 12-point trend, -95.0% $0.10 $0.36 $0.56 $0.92 $0.93 $0.77 $0.09 $2.24 $0.88 $1.34 $-1.21 $2.00
Growth Rates 10
Annual Growth Rates data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -70.4% 4.5% 23.8% 5.8% 8.7% 15.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +12.1% 11.1% 12.5% 9.9% · · · · · · · · ·
Revenue CAGR 5Y 11.4% · · · · · · · · · · ·
EPS YoY 5-point trend, -447.5% -72.2% -35.7% -39.1% -1.1% 20.8% · · · · · · ·
EPS CAGR 3Y 3-point trend, -419.2% -52.3% -27.1% -10.1% · · · · · · · · ·
EPS CAGR 5Y -33.5% · · · · · · · · · · ·
Net Income YoY 5-point trend, -417.7% -70.7% -20.5% -38.9% -1.0% 22.2% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -400.1% -47.8% -21.6% -9.6% · · · · · · · · ·
Net Income CAGR 5Y -29.6% · · · · · · · · · · ·
Dividend CAGR 5Y 1.5% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for DOC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +72.4% $2.82B $2.70B $2.18B $2.06B $1.90B $1.64B $1.24B $1.19B $1.85B $2.13B $1.94B $1.64B
Net Income TTM 12-point trend, -92.3% $71M $243M $306M $500M $506M $414M $46M $1.06B $414M $628M $-559M $922M
Market Cap 12-point trend, -39.4% $11.18B $14.18B $10.83B $13.70B $19.46B $16.28B $17.41B $13.34B $12.24B $13.91B $16.21B $18.44B
P/E 12-point trend, +702.0% 160.8 56.3 35.4 27.2 38.8 39.3 383.0 12.5 29.6 22.2 -28.8 20.1
P/S 12-point trend, -64.8% 4.0 5.3 5.0 6.6 10.3 9.9 14.0 11.2 6.6 6.5 8.4 11.3
P/B 12-point trend, -13.2% 1.5 1.7 1.7 2.1 3.0 2.4 2.9 2.2 2.3 2.5 1.7 1.7
P / Tangible Book 6-point trend, -37.2% 1.6 1.9 1.8 2.2 3.3 2.6 · · · · · ·
P / Cash Flow 12-point trend, -39.5% 8.9 13.2 11.3 15.2 24.5 21.5 20.6 15.7 14.5 11.5 13.3 14.8
P / FCF 11-point trend, +61.0% 31.3 42.5 59.6 -222.0 547.6 -534.3 170.5 55.2 32.6 18.4 19.4 ·
Dividend Yield 12-point trend, +40.0% 7.6% 5.6% 6.1% 4.7% 3.3% 4.8% 4.1% 5.2% 5.7% 7.0% 6.5% 5.4%
Earnings Yield 12-point trend, -87.6% 0.62% 1.8% 2.8% 3.7% 2.6% 2.5% 0.26% 8.0% 3.4% 4.5% -3.5% 5.0%
Payout Ratio 12-point trend, +995.8% 1190.1% 326.9% 214.7% 129.5% 128.6% 190.3% 1581.6% 65.7% 167.8% 156.0% -187.2% 108.6%
Annual Payout 12-point trend, -15.2% $849M $795M $657M $648M $650M $787M $720M $697M $695M $980M $1.05B $1.00B

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.82B$2.70B$2.18B$2.06B$1.90B
Net Income $71M$243M$306M$500M$506M
Diluted EPS $0.10$0.36$0.56$0.92$0.93
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $357M$334M$182M$-62M$36M

Latest News Recent headlines mentioning this company

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Institutional owners (13F) 812 filers · $8.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
99 (-1 vs prior Q) 86 (+9 vs prior Q) 236 (-93 vs prior Q) 293 (+79 vs prior Q) +74.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $1,249,242,462 58,375,816 14.71% Shares
VANGUARD CAPITAL MANAGEMENT LLC $963,315,757 45,014,755 11.34% Shares
STATE STREET CORP $941,758,724 44,007,417 11.09% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $623,164,405 29,119,832 7.34% Shares
GEODE CAPITAL MANAGEMENT, LLC $476,655,508 22,306,936 5.61% Shares
DIMENSIONAL FUND ADVISORS LP $214,767,740 10,035,876 2.53% Shares
Cullen Capital Management, LLC $209,048,928 9,768,642 2.46% Shares
NORGES BANK $201,466,448 9,414,320 2.37% Shares
EQUITY INVESTMENT CORP $160,242,497 7,487,967 1.89% Shares
LPL Financial LLC $120,537,219 5,632,580 1.42% Shares
GOLDMAN SACHS GROUP INC $111,920,716 5,229,940 1.32% Shares
CITADEL ADVISORS LLC $103,881,870 4,854,293 1.22% Shares
FMR LLC $99,267,252 4,638,657 1.17% Shares
AMERICAN CENTURY COMPANIES INC $93,026,502 4,347,032 1.10% Shares
FRANKLIN RESOURCES INC $90,127,149 4,211,549 1.06% Shares
ENVESTNET ASSET MANAGEMENT INC $85,895,947 4,013,829 1.01% Shares
VANGUARD FIDUCIARY TRUST CO $82,828,828 3,870,506 0.98% Shares
RUSH ISLAND MANAGEMENT, LP $63,015,061 2,944,629 0.74% Shares
Douglas Lane & Associates, LLC $60,971,506 2,849,136 0.72% Shares
Nuveen Asset Management, LLC $60,907,114 3,004,791 0.72% Shares
RAYMOND JAMES FINANCIAL INC $58,207,132 2,719,959 0.69% Shares
TWO SIGMA INVESTMENTS, LP $56,911,823 2,659,431 0.67% Shares
Brandywine Global Investment Management, LLC $55,426,313 3,446,910 0.65% Shares
BlackRock, Inc. $51,273,672 2,395,966 0.60% Shares
Amundi $46,558,889 2,175,649 0.55% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $46,007,710 2,149,893 0.54% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $41,406,602 1,893,306 0.49% Shares
BNP PARIBAS FINANCIAL MARKETS $39,331,895 1,837,939 0.46% Shares
MORGAN STANLEY $39,106,103 1,827,387 0.46% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $38,439,151 1,796,222 0.45% Shares
APG Asset Management US Inc. $36,020,083 1,664,514 0.42% Shares
Allianz Asset Management GmbH $35,081,277 1,639,312 0.41% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $34,986,903 1,634,902 0.41% Shares
Advisors Capital Management, LLC $33,732,772 1,576,297 0.40% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $31,391,895 1,466,911 0.37% Shares
AQR CAPITAL MANAGEMENT LLC $30,988,969 1,448,083 0.36% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $30,739,000 1,436,370 0.36% Shares
Vanguard Global Advisers, LLC $30,474,777 1,424,055 0.36% Shares
Swiss National Bank $29,885,528 1,396,520 0.35% Shares
Sumitomo Mitsui Trust Group, Inc. $25,787,642 1,205,030 0.30% Shares
RHUMBLINE ADVISERS $25,130,596 1,174,330 0.30% Shares
California Public Employees Retirement System $24,861,065 1,161,732 0.29% Shares
NOMURA ASSET MANAGEMENT CO LTD $24,417,079 1,140,985 0.29% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $23,686,860 1,107,464 0.28% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $22,598,721 1,056,015 0.27% Shares
NEUBERGER BERMAN GROUP LLC $22,536,570 1,053,111 0.27% Shares
Asset Management One Co., Ltd. $22,079,209 1,343,835 0.26% Shares
Adelante Capital Management LLC $21,605,458 1,009,623 0.25% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $21,215,682 991,387 0.25% Shares
ZACKS INVESTMENT MANAGEMENT $20,934,520 978,247 0.25% Shares
Alyeska Investment Group, L.P. $20,883,490 975,864 0.25% Shares
BANK OF AMERICA CORP /DE/ $20,745,138 969,399 0.24% Shares
Quantinno Capital Management LP $19,684,501 919,836 0.23% Shares
MACKENZIE FINANCIAL CORP $19,512,905 911,818 0.23% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $19,294,754 901,624 0.23% Shares
Foundry Partners, LLC $18,903,557 934,894 0.22% Shares
TUDOR INVESTMENT CORP ET AL $18,199,159 850,428 0.21% Shares
RENAISSANCE TECHNOLOGIES LLC $18,103,715 845,968 0.21% Shares
Squarepoint Ops LLC $17,651,876 824,854 0.21% Shares
Foresight Group Ltd Liability Partnership $17,507,829 808,489 0.21% Shares
Heitman Real Estate Securities LLC $17,457,671 815,779 0.21% Shares
ALLIANCEBERNSTEIN L.P. $17,314,723 1,053,848 0.20% Shares
Conversant Capital LLC $16,050,000 750,000 0.19% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $15,559,427 727,076 0.18% Shares
Aberdeen Group plc $15,549,497 726,612 0.18% Shares
Baird Financial Group, Inc. $15,154,089 708,135 0.18% Shares
Swedbank AB $14,823,138 692,670 0.17% Shares
COMMONWEALTH EQUITY SERVICES, LLC $14,820,081 692,527 0.17% Shares
FIFTH THIRD BANCORP $14,444,698 674,986 0.17% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $14,167,207 662,019 0.17% Shares
Gotham Asset Management, LLC $14,156,849 661,535 0.17% Shares
BARCLAYS PLC $14,121,518 659,884 0.17% Shares
AXA Investment Managers S.A. $14,003,878 731,273 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $13,997,162 654,073 0.16% Shares
MILLENNIUM MANAGEMENT LLC $13,745,327 642,305 0.16% Shares
Vanguard Investments Australia, Ltd. $13,562,550 633,764 0.16% Shares
Davis Selected Advisers $13,503,956 631,026 0.16% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $13,467,178 819,670 0.16% Shares
ASSETMARK, INC $13,245,520 618,950 0.16% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $13,149,080 614,443 0.15% Shares
DAVENPORT & Co LLC $12,991,063 606,797 0.15% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $12,936,386 604,504 0.15% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $12,754,015 595,982 0.15% Shares
Foster Victor Wealth Advisors, LLC $11,858,107 547,466 0.14% Shares
Robeco Institutional Asset Management B.V. $11,776,762 550,316 0.14% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $11,474,102 536,173 0.14% Shares
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC $11,426,658 533,956 0.13% Shares
Retirement Systems of Alabama $11,394,152 532,437 0.13% Shares
MACQUARIE GROUP LTD $11,003,816 514,197 0.13% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $10,999,600 514,000 0.13% Call option
Cetera Investment Advisers $10,543,402 492,682 0.12% Shares
Calamos Advisors LLC $10,332,091 482,808 0.12% Shares
EXCHANGE TRADED CONCEPTS, LLC $9,730,516 454,697 0.11% Shares
CITADEL ADVISORS LLC $9,309,000 435,000 0.11% Call option
UBS Group AG $9,162,474 428,153 0.11% Shares
CHILTON CAPITAL MANAGEMENT LLC $9,131,552 426,708 0.11% Shares
Twin Tree Management, LP $8,883,140 415,100 0.10% Call option
APG Asset Management N.V. $8,758,240 467,911 0.10% Shares
CRAWFORD INVESTMENT COUNSEL INC $8,751,296 408,939 0.10% Shares
SEI INVESTMENTS CO $8,540,804 399,103 0.10% Shares

Company insiders 47 insiders · 28 officers · 12 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas M Herzog President and CEO June 27, 2018 F 101,475 0 0 $0
Lauralee Martin President and CEO June 30, 2016 F 87,605 0 0 $0
Peter A Scott EVP and CFO May 15, 2017 A 112,805 0 0 $0
Timothy M Schoen EVP and CFO Feb. 3, 2016 F 110,224 0 0 $0
Mark A Wallace Executive Vice President, CFO March 15, 2009 F 67,850 0 0 $0
James Justin Hutchens President Feb. 1, 2017 F 37,038 0 0 $0
Thomas Klaritch EVP and COO Dec. 1, 2017 F 176,258 0 0 $0
Shawn G Johnston SVP and CAO Aug. 15, 2017 A 16,779 0 0 $0
Michael D Mckee Executive Chairman May 9, 2017 F 53,225 0 0 $0
Scott A Anderson EVP and CAO March 16, 2017 S 27,345 0 0 $0
Kendall K Young Executive Vice President Feb. 13, 2017 A 54,468 0 0 $0
Troy E. Mchenry EVP, Gen Counsel and Corp Sec Feb. 3, 2017 F 26,486 0 0 $0
Jonathan M. Bergschneider Senior Managing Director Feb. 3, 2017 F 44,366 0 0 $0
Thomas D Kirby Executive Vice President Sept. 7, 2016 M 40,050 0 0 $0
Darren A Kowalske Executive Vice President Aug. 31, 2016 S 9,793 0 0 $0
Kai Hsiao Executive Vice President May 9, 2016 S 0 0 0 $0
John D. Stasinos Executive Vice President Feb. 12, 2016 P 23,539 0 0 $0
Lihpang Lu Executive Vice President Feb. 11, 2016 P 29,790 0 0 $0
James W Mercer EVP,CAO, Gen Counsel, Corp Sec Feb. 3, 2016 F 65,603 0 0 $0
Paul F Gallagher EVP and CIO June 30, 2015 F 224,271 0 0 $0
Susan M Tate Executive Vice President Feb. 3, 2015 F 40,098 0 0 $0
Edward J Henning Executive Vice President May 6, 2013 M 33,928 0 0 $0
Alberto J. Gonzalez-Pita Executive Vice President May 17, 2011 F 20,152 0 0 $0
Stephen R Maulbetsch Executive Vice President Sept. 18, 2007 M 313,680 0 0 $0
Scott F Kellman Senior Vice President- Nov. 1, 2006 M 23,786 0 0 $0
Hacohen Talya Nevo Senior Vice President Feb. 3, 2006 A 41,654 0 0 $0
Mary Brennan Carter VP, Chief Accounting Officer May 24, 2004 M 13,680 0 0 $0
James G Reynolds Executive Vice President March 25, 2004 M 465,188 0 0 $0
Sara L Grootwassink Director May 6, 2026 A 56,488 0 0 $0
John T Thomas Director Aug. 6, 2025 P 810,016 0 0 $0
James F Flaherty III Director Oct. 2, 2013 F 861,753 0 0 $0
Kenneth B Roath Director April 25, 2013 A 241,013 0 0 $0
Richard M Rosenberg Director April 22, 2010 A 24,800 0 0 $0
Harold M Messmer JR Director April 22, 2010 A 44,400 0 0 $0
Robert R Fanning JR Director Dec. 1, 2009 M 51,950 0 0 $0
Mary A Cirillo Director Feb. 21, 2008 A 11,400 0 0 $0
Paul V Colony Director Feb. 19, 2004 A 51,150 0 0 $0
HCP, INC. 10% owner Oct. 31, 2016 J 3,285 0 0 $0
Kent R Griffin Jr — May 6, 2026 A 90,195 0 0 $0
Brian G. Cartwright — April 28, 2017 A 17,495 0 0 $0
Joseph P Sullivan — April 28, 2017 A 74,173 0 0 $0
David Henry — April 28, 2017 A 48,891 0 0 $0
Peter L Rhein — April 28, 2017 A 5,935 0 0 $0
Christine Garvey — April 28, 2017 A 5,935 0 0 $0
James P Hoffmann — April 27, 2017 A 53,545 0 0 $0
George P Doyle — March 24, 2009 F 28,285 0 0 $0
Charles A Elcan — March 15, 2008 M 112,116 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 137 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
BKGI · BNY Mellon ETF Trust 6.80% 4,127,884 NS April 30, 2026 N-PORT
LPRE · Exchange Listed Funds Trust 6.44% 526,406 NS May 31, 2026 N-PORT
SRHR · Elevation Series Trust 3.66% 114,763 NS April 30, 2026 N-PORT
KBWY · Invesco Exchange-Traded Fund Trust … 3.43% 498,665 Aug. 8, 2026 Daily
RSPR · Invesco Exchange-Traded Fund Trust 3.40% 158,854 Aug. 8, 2026 Daily
REZ · iShares Trust 2.98% 1,220,755 SH Aug. 8, 2026 Daily
EWO · iShares, Inc. 2.77% 23,409 SH Aug. 8, 2026 Daily
SPHD · Invesco Exchange-Traded Fund Trust … 2.45% 3,908,954 Aug. 8, 2026 Daily
JPRE · J.P. Morgan Exchange-Traded Fund Tr… 1.69% 418,947 NS May 31, 2026 N-PORT
SPDV · ETF Series Solutions 1.64% 91,457 NS April 30, 2026 N-PORT
IRET · Tidal Trust II 1.53% 2,509 NS April 30, 2026 N-PORT
RIET · ETF Series Solutions 1.52% 82,953 NS May 31, 2026 N-PORT
NUMV · Nushares ETF Trust 1.27% 338,194 NS April 30, 2026 N-PORT
VGSR · Manager Directed Portfolios 1.21% 338,011 NS March 31, 2026 N-PORT
USRT · iShares Trust 1.19% 2,607,692 SH Aug. 8, 2026 Daily
BBRE · J.P. Morgan Exchange-Traded Fund Tr… 1.16% 744,772 NS May 31, 2026 N-PORT
IYR · iShares Trust 1.05% 2,264,623 SH Aug. 8, 2026 Daily
URE · ProShares Trust 0.98% 28,644 NS May 31, 2026 N-PORT
SCHH · SCHWAB STRATEGIC TRUST 0.94% 4,916,965 NS May 31, 2026 N-PORT
DFAR · Dimensional ETF Trust 0.88% 915,750 NS April 30, 2026 N-PORT
FPRO · FIDELITY COVINGTON TRUST 0.85% 7,849 NS April 30, 2026 N-PORT
ALTL · Pacer Funds Trust 0.84% 49,971 NS April 30, 2026 N-PORT
VNQ · VANGUARD SPECIALIZED FUNDS 0.79% 26,463,830 SH Aug. 8, 2026 Daily
REET · iShares Trust 0.79% 1,901,809 SH Aug. 8, 2026 Daily
DRN · Direxion Shares ETF Trust 0.78% 22,728 NS April 30, 2026 N-PORT
HIDV · AB Active ETFs, Inc. 0.78% 78,544 NS May 31, 2026 N-PORT
FDVV · FIDELITY COVINGTON TRUST 0.77% 4,374,865 NS April 30, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 0.76% 674,033 NS April 30, 2026 N-PORT
ERET · iShares Trust 0.69% 4,624 SH Aug. 8, 2026 Daily
DFGR · Dimensional ETF Trust 0.57% 1,244,182 NS April 30, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.47% 91,740 NS April 30, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.31% 10,038,563 SH Aug. 8, 2026 Daily
ISCV · iShares Trust 0.31% 101,952 SH Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.30% 114,741 NS April 30, 2026 N-PORT
ESML · iShares Trust 0.29% 395,476 SH Aug. 8, 2026 Daily
LSVD · ADVISORS' INNER CIRCLE FUND 0.25% 94,456 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.25% 1,878,125 NS May 31, 2026 N-PORT
CSM · ProShares Trust 0.24% 65,520 NS May 31, 2026 N-PORT
PPTY · ETF Series Solutions 0.23% 2,947 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.23% 31,231 SH Aug. 8, 2026 Daily
CAPE · DoubleLine ETF Trust 0.23% 35,846 NS March 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.23% 282,846 NS April 30, 2026 N-PORT
AVRE · AMERICAN CENTURY ETF TRUST 0.21% 89,638 NS May 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.20% 9,059,032 Aug. 8, 2026 Daily
SMMD · iShares Trust 0.20% 347,500 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.18% 15,813,684 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.16% 74,689 SH Aug. 8, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.16% 4,739,000 Aug. 8, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.15% 59,908 Aug. 8, 2026 Daily
WSML · iShares Trust 0.15% 42,565 SH Aug. 8, 2026 Daily