Associated Banc Corp Takes $10.56 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Associated Banc Corp bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 461,684 shares of the real estate investment trust's stock, valued at approximately $10,559,000. Associated Banc Corp owned about 0.07% of Healthpeak Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOC. HM Payson & Co. bought a new stake in Healthpeak Properties during the 3rd quarter worth about $25,000. S.A. Mason LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in Healthpeak Properties during the 3rd quarter worth $33,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Up 1.7 %

Shares of DOC traded up $0.37 on Monday, hitting $21.99. The company's stock had a trading volume of 7,006,883 shares, compared to its average volume of 5,727,679. The firm's fifty day moving average price is $22.18 and its 200-day moving average price is $21.16. Healthpeak Properties, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 46.77, a P/E/G ratio of 2.41 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the company earned $0.45 EPS. The firm's quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, November 4th. Healthpeak Properties's dividend payout ratio is 255.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOC shares. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Scotiabank upped their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research report on Monday, September 9th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Wells Fargo & Company restated an "equal weight" rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of "Moderate Buy" and an average target price of $22.86.

Healthpeak Properties 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.