Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $22.86

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Five 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 brokers that have updated their coverage on the stock in the last year is $22.86.

Several analysts have commented on DOC shares. Robert W. Baird upped their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th.

Institutional Trading of Healthpeak Properties

Large investors have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the third quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $29,000. Fortitude Family Office LLC acquired a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $22.24 on Friday. The firm’s fifty day simple moving average is $22.18 and its 200-day simple moving average is $21.21. Healthpeak Properties has a 12 month low of $16.01 and a 12 month high of $23.26. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 2.45 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 (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, equities analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.40%. Healthpeak Properties’s dividend payout ratio is presently 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.