Associated Banc Corp Sells 16,705 Shares of Healthpeak Properties, Inc. $DOC

Associated Banc Corp lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 125,175 shares of the real estate investment trust’s stock after selling 16,705 shares during the period. Associated Banc Corp’s holdings in Healthpeak Properties were worth $2,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. boosted its position in shares of Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock valued at $467,311,000 after buying an additional 3,967,830 shares during the last quarter. JPMorgan Chase & Co. raised its position in Healthpeak Properties by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,024,030 shares of the real estate investment trust’s stock valued at $350,621,000 after buying an additional 3,540,367 shares during the last quarter. Geode Capital Management LLC lifted its stake in Healthpeak Properties by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,071,094 shares of the real estate investment trust’s stock valued at $332,625,000 after acquiring an additional 197,540 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Healthpeak Properties by 6.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust’s stock valued at $372,004,000 after acquiring an additional 1,129,924 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in Healthpeak Properties by 18.5% during the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust’s stock worth $268,642,000 after acquiring an additional 2,070,416 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Healthpeak Properties in a report on Monday. Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Scotiabank cut shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Morgan Stanley reduced their target price on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $20.91.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $18.12 on Wednesday. The company has a market capitalization of $12.59 billion, a P/E ratio of -362.23, a P/E/G ratio of 3.84 and a beta of 1.10. The business has a fifty day simple moving average of $18.28 and a two-hundred day simple moving average of $17.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $22.71.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s dividend payout ratio (DPR) is currently -2,440.00%.

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.