M&T Bank Corp Cuts Stake in Healthpeak Properties, Inc. $DOC

M&T Bank Corp significantly reduced its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 96.6% in the fourth quarter, selling 891,142 shares and leaving its holding at 31,359 shares valued at $504,000. Despite a high dividend yield of 7.4% and an EPS beat, concerns about the sustainability of its 1,220% payout ratio persist. The stock currently holds a “Hold” consensus rating from analysts with an average target price of $18.04.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin