Healthpeak Properties, Inc. (NYSE:DOC) Receives $24.08 Average PT from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three 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 objective among analysts that have issued a report on the stock in the last year is $24.15.

A number of research analysts recently commented on DOC shares. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wells Fargo & Company decreased their price objective 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. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Robert W. Baird boosted 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. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth $1,093,576,000. JPMorgan Chase & Co. grew its position in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at about $403,898,000. Charles Schwab Investment Management Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at $175,697,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.8 %

Healthpeak Properties stock opened at $20.31 on Monday. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a market capitalization of $14.21 billion, a P/E ratio of 43.21, a PEG ratio of 2.31 and a beta of 1.14. The stock has a 50-day simple moving average of $20.98 and a 200 day simple moving average of $21.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share 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 analyst estimates of $682.51 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. Analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.91%. Healthpeak Properties’s payout ratio is currently 255.32%.

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.