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

Associated Banc Corp acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 461,684 shares of the real estate investment trust’s stock, valued at approximately $10,559,000. Associated Banc Corp owned 0.07% of Healthpeak Properties as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DOC. Private Trust Co. NA purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth about $196,000. Brown Brothers Harriman & Co. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $88,000. Loomis Sayles & Co. L P bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $70,000. Daiwa Securities Group Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter worth approximately $7,500,000. Finally, Swedbank AB bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $1,832,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC stock traded up $0.29 during trading hours on Monday, hitting $21.91. The company’s stock had a trading volume of 129,224 shares, compared to its average volume of 5,697,518. The stock has a market cap of $15.32 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a 50 day moving average of $22.18 and a 200 day moving average of $21.16. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous 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, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on DOC shares. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wedbush boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. 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 research note on Wednesday, October 30th. Finally, Scotiabank raised their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $22.86.

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.