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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $22.86.

A number of research firms recently commented on DOC. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp acquired a new stake in shares of Healthpeak Properties in the third quarter worth $1,093,576,000. Geode Capital Management LLC purchased a new stake in Healthpeak Properties during the 3rd quarter worth $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties in the third quarter valued at about $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Healthpeak Properties during the third quarter worth about $102,615,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 1.1 %

Shares of DOC stock opened at $21.99 on Friday. The business’s fifty day moving average price is $22.18 and its 200 day moving average price is $21.24. The firm has a market capitalization of $15.38 billion, a PE ratio of 46.79, a P/E/G ratio of 2.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced 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 return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the firm earned $0.45 EPS. Healthpeak Properties’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s payout ratio is currently 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.