Healthpeak Properties, Inc. (NYSE:DOC) Given Average Recommendation of “Moderate Buy” by Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has received an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.62.

Several research firms have issued reports on DOC. Robert W. Baird lifted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Mizuho reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Scotiabank increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in Healthpeak Properties during the third quarter worth about $1,093,576,000. Geode Capital Management LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $403,898,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $102,615,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Up 0.3 %

Healthpeak Properties stock opened at $20.18 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.11 billion, a P/E ratio of 42.94, a P/E/G ratio of 2.37 and a beta of 1.13. The business has a fifty day moving average of $21.76 and a two-hundred day moving average of $21.41. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.95%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.