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

Associated Banc Corp trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,354 shares of the real estate investment trust’s stock after selling 35,330 shares during the quarter. Associated Banc Corp owned approximately 0.06% of Healthpeak Properties worth $8,642,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC purchased a new position in Healthpeak Properties in the third quarter worth $37,000. Groupama Asset Managment acquired a new position in Healthpeak Properties during the third quarter valued at $37,000. Wiser Advisor Group LLC acquired a new position in Healthpeak Properties during the third quarter valued at $42,000. Continuum Advisory LLC acquired a new position in Healthpeak Properties during the third quarter valued at $44,000. Finally, AdvisorNet Financial Inc lifted its position in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DOC. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company cut 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. Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Mizuho cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Stock Up 2.1 %

DOC stock opened at $20.45 on Friday. The stock has a market capitalization of $14.30 billion, a P/E ratio of 58.42, a P/E/G ratio of 2.17 and a beta of 1.14. The firm has a 50-day simple moving average of $20.21 and a 200-day simple moving average of $21.24. 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 52 week low of $16.66 and a 52 week high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

About Healthpeak Properties

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.