Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.75.

Several analysts recently commented on DOC shares. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Wedbush raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Wells Fargo & Company raised Healthpeak Properties to a “hold” rating in a report on Monday, August 12th. Finally, Evercore ISI raised their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th.

Institutional Trading of Healthpeak Properties

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its position in Healthpeak Properties by 0.6% during the fourth quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock worth $1,821,000 after buying an additional 854 shares in the last quarter. Mckinley Capital Management LLC raised its position in Healthpeak Properties by 2.8% in the fourth quarter. Mckinley Capital Management LLC now owns 41,458 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 1,114 shares during the period. Blankinship & Foster LLC raised its position in Healthpeak Properties by 14.1% in the fourth quarter. Blankinship & Foster LLC now owns 14,292 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 1,766 shares during the period. Bank of Nova Scotia raised its position in Healthpeak Properties by 8.2% in the fourth quarter. Bank of Nova Scotia now owns 34,923 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 2,654 shares during the period. Finally, Parallel Advisors LLC raised its position in Healthpeak Properties by 274.6% in the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Trading Up 0.8 %

Shares of NYSE:DOC opened at $22.58 on Tuesday. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $22.67. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 64.52, a PEG ratio of 2.31 and a beta of 1.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $21.54 and a 200-day moving average price of $19.59.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities analysts predict that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

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.