Healthpeak Properties, Inc. (NYSE:DOC) Receives $20.64 Consensus PT from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $20.64.

A number of equities research analysts recently weighed in on the stock. Wedbush raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company raised shares of Healthpeak Properties to a “hold” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Finally, BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and raised their price target for the company from $19.00 to $21.00 in a report on Friday, April 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DOC. Norges Bank bought a new position in shares of Healthpeak Properties in the 4th quarter worth about $34,883,000. Leeward Investments LLC MA bought a new position in shares of Healthpeak Properties in the 4th quarter worth about $13,038,000. abrdn plc lifted its position in shares of Healthpeak Properties by 1,749.1% in the 4th quarter. abrdn plc now owns 919,351 shares of the real estate investment trust’s stock worth $12,237,000 after buying an additional 869,631 shares during the last quarter. Angelo Gordon & CO. L.P. bought a new position in shares of Healthpeak Properties in the 4th quarter worth about $3,713,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Healthpeak Properties by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock worth $52,488,000 after buying an additional 239,972 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $21.80 on Friday. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $22.19. The firm has a fifty day moving average of $20.55 and a 200-day moving average of $18.29. The firm has a market capitalization of $15.34 billion, a P/E ratio of 62.29, a PEG ratio of 2.71 and a beta of 1.11. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last released 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 business had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same period in the previous year, the company earned $0.45 EPS. Healthpeak Properties’s revenue was up 27.5% on a year-over-year basis. As a group, analysts predict that Healthpeak Properties will post 1.79 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.50%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio is currently 342.86%.

Healthpeak Properties Company Profile

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.