Keybank National Association OH Sells 289,891 Shares of Healthpeak Properties, Inc. $DOC

Keybank National Association OH decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 58.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,706 shares of the real estate investment trust’s stock after selling 289,891 shares during the period. Keybank National Association OH’s holdings in Healthpeak Properties were worth $3,978,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mather Group LLC. bought a new position in Healthpeak Properties during the third quarter worth $25,000. City Holding Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Rexford Capital Inc. acquired a new position in Healthpeak Properties during the second quarter worth $28,000. Sound Income Strategies LLC bought a new position in Healthpeak Properties during the 3rd quarter valued at about $28,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Healthpeak Properties during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DOC. Robert W. Baird reduced their target price on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Wells Fargo & Company raised their price objective on shares of Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group assumed coverage on Healthpeak Properties in a research note on Friday, January 9th. They set a “neutral” rating and a $17.00 price objective for the company. Cantor Fitzgerald set a $17.00 target price on Healthpeak Properties in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.67.

Healthpeak Properties Trading Up 0.5%

NYSE DOC opened at $17.22 on Monday. Healthpeak Properties, Inc. has a one year low of $15.71 and a one year high of $21.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $11.97 billion, a P/E ratio of -344.33, a P/E/G ratio of 4.34 and a beta of 1.12. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $17.65.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is -2,440.00%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.