Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $19.41

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.41.

DOC has been the subject of a number of recent research reports. Argus raised shares of Healthpeak Properties to a “strong-buy” rating in a research report on Thursday, May 9th. Bank of America raised shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and raised their price target for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th.

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Healthpeak Properties during the 4th quarter worth $34,883,000. State of New Jersey Common Pension Fund D boosted its stake in Healthpeak Properties by 24.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 217,420 shares of the real estate investment trust’s stock worth $2,894,000 after purchasing an additional 42,030 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Healthpeak Properties during the 4th quarter worth $892,000. AGF Management Ltd. boosted its stake in Healthpeak Properties by 28.7% during the 4th quarter. AGF Management Ltd. now owns 286,381 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 63,896 shares during the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in Healthpeak Properties during the 4th quarter worth $1,450,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $19.60 on Thursday. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.38. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $13.79 billion, a PE ratio of 56.00, a P/E/G ratio of 2.40 and a beta of 1.10. The firm has a 50 day moving average of $19.31 and a two-hundred day moving average of $16.23.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a $0.30 dividend. The ex-dividend date was Friday, May 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.12%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.86%.

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.