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

Associated Banc Corp purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 461,684 shares of the real estate investment trust’s stock, valued at approximately $10,559,000.

Several other hedge funds also recently bought and sold shares of DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties during the second quarter worth about $66,000. Point72 DIFC Ltd purchased a new position in Healthpeak Properties in the second quarter valued at $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth about $9,024,000. Centaurus Financial Inc. acquired a new stake in Healthpeak Properties during the second quarter worth approximately $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Healthpeak Properties during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Evercore ISI increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Robert W. Baird upped their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

Healthpeak Properties Trading Up 1.3 %

Shares of NYSE:DOC traded up $0.29 during midday trading on Monday, reaching $21.91. The company had a trading volume of 129,224 shares, compared to its average volume of 5,697,518. The company has a fifty day simple moving average of $22.18 and a two-hundred day simple moving average of $21.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS 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 firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. Research analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.48%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.