Associated Banc Corp cut its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,354 shares of the real estate investment trust's stock after selling 35,330 shares during the period. Associated Banc Corp owned approximately 0.06% of Healthpeak Properties worth $8,642,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. State Street Corp purchased a new position in Healthpeak Properties during the third quarter worth about $1,093,576,000. JPMorgan Chase & Co. increased its position in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $403,898,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Healthpeak Properties by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock valued at $205,810,000 after acquiring an additional 53,392 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DOC has been the subject of a number of recent analyst reports. Mizuho dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Scotiabank dropped their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Finally, Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.92.
Get Our Latest Report on Healthpeak Properties
Healthpeak Properties Stock Down 0.2 %
NYSE DOC traded down $0.05 on Wednesday, hitting $20.43. 3,322,389 shares of the stock were exchanged, compared to its average volume of 4,632,807. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $23.26. The company has a market cap of $14.29 billion, a PE ratio of 58.36, a PEG ratio of 2.17 and a beta of 1.14. The company has a 50-day moving average price of $20.23 and a 200-day moving average price of $21.20.
Healthpeak Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. Healthpeak Properties's payout ratio is currently 348.57%.
Healthpeak Properties Profile
(
Free Report)
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.
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