Aristotle Capital Boston, LLC, an investment advisor, released its “Small/Mid Cap Equity Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The volatility that was seen in 2024 persisted into the fourth quarter. SMID caps reported modest gains in the fourth quarter, with the Russell 2500 index yielding a total return of 0.62% and a year-to-date total return of 11.99%. In the fourth quarter, the fund delivered a return of -0.45% net of fees (-0.37% gross of fees) underperforming the Russell 2500 Index’s 0.62% total return. Security selection drove the underperformance of the strategy in the quarter. For more information on the fund’s best picks in 2024, please check its top five holdings.
Aristotle SMID Cap Equity Strategy highlighted stocks like Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter 2024 investor letter. Healthpeak Properties, Inc. (NYSE:DOC) is a real estate investment trust (REIT) and S&P 500 company focuses on developing healthcare discovery and delivery. One-month return of Healthpeak Properties, Inc. (NYSE:DOC) was 3.58%, and its shares gained 10.40% of their value over the last 52 weeks. On January 21, 2025, Healthpeak Properties, Inc. (NYSE:DOC) stock closed at $21.12 per share with a market capitalization of $14.772 billion.
Aristotle SMID Cap Equity Strategy stated the following regarding Healthpeak Properties, Inc. (NYSE:DOC) in its Q4 2024 investor letter:
“Healthpeak Properties, Inc. (NYSE:DOC), is a healthcare-focused real estate investment trust (REIT) that develops, owns and manages medical office buildings, senior housing assets and life science facilities. Following an industry-wide life sciences building boom that created a supply/demand imbalance, DOC is poised to benefit from improved lease rates with its properties as excess industry capacity is absorbed. A solid fundamental backdrop for the demographically driven senior housing portfolio and stability within its medical office building portfolio should allow the company to produce improved financial performance over the next several years.”
Close-up of a healthcare worker wearing a medical mask and entering a hospital.
Healthpeak Properties, Inc. (NYSE:DOC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Healthpeak Properties, Inc. (NYSE:DOC) at the end of the third quarter which was 27 in the previous quarter. While we acknowledge the potential of Healthpeak Properties, Inc. (NYSE:DOC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.