Healthpeak Properties, Inc. (NYSE:DOC) Receives $22.93 Consensus PT from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.62.

A number of research firms have recently commented on DOC. Scotiabank boosted their price target 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. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Wells Fargo & Company lowered their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th.

Healthpeak Properties Stock Up 1.8 %

Shares of NYSE DOC opened at $20.12 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 company has a market cap of $14.07 billion, a P/E ratio of 42.81, a P/E/G ratio of 2.37 and a beta of 1.13. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The business has a 50-day simple moving average of $21.80 and a two-hundred day simple moving average of $21.39.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 annualized dividend and a yield of 5.96%. Healthpeak Properties’s payout ratio is currently 255.32%.

Institutional Inflows and Outflows

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

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.