Healthpeak Properties (NYSE:DOC) Upgraded at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. Robert W. Baird dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Scotiabank dropped their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, Wedbush dropped their target price on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Trading Up 2.1 %

Shares of DOC stock opened at $20.45 on Thursday. Healthpeak Properties has a 12-month low of $17.05 and a 12-month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average price is $20.21 and its 200-day moving average price is $21.23. The stock has a market capitalization of $14.30 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc increased its position in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares during the period. Townsquare Capital LLC boosted its holdings in Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 584 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 598 shares during the last quarter. Huntington National Bank boosted its holdings in Healthpeak Properties by 3.0% in the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 613 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Healthpeak Properties by 4.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 700 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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.