M&T Bank Corp Sells 9,962 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

M&T Bank Corp lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 995,537 shares of the real estate investment trust’s stock after selling 9,962 shares during the quarter. M&T Bank Corp’s holdings in Healthpeak Properties were worth $20,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC bought a new position in shares of Healthpeak Properties in the third quarter worth about $37,000. Groupama Asset Managment bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $37,000. Capital Performance Advisors LLP bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $42,000. Wiser Advisor Group LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $42,000. Finally, Continuum Advisory LLC bought a new position in Healthpeak Properties in the 3rd quarter valued at approximately $44,000. Institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of research reports. Mizuho dropped 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. Wells Fargo & Company dropped 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. Robert W. Baird dropped 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. Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Scotiabank dropped 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $20.45 on Thursday. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.15. Healthpeak Properties, Inc. has a 52 week low of $16.66 and a 52 week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $20.19 and a 200-day moving average of $21.32.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. Healthpeak Properties’s dividend payout ratio (DPR) is 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.