Healthpeak Properties (NYSE:DOC) Upgraded to “Outperform” at Wedbush

Wedbush upgraded shares of Healthpeak Properties (NYSE:DOC) from a neutral rating to an outperform rating in a research note published on Friday morning, MarketBeat Ratings reports.

Several other equities analysts have also issued reports on DOC. StockNews.com lowered Healthpeak Properties from a hold rating to a sell rating in a research report on Friday, April 26th. Bank of America upgraded Healthpeak Properties from an underperform rating to a buy rating and lifted their price objective for the company from $18.00 to $25.00 in a report on Monday, April 1st. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a report on Wednesday, April 10th. KeyCorp reiterated a sector weight rating on shares of Healthpeak Properties in a report on Friday, January 5th. Finally, Wells Fargo & Company assumed coverage on Healthpeak Properties in a report on Monday, March 25th. They set an equal weight rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of Hold and an average price target of $18.36.

Healthpeak Properties Trading Up 0.5 %

Shares of Healthpeak Properties stock traded up $0.10 during trading on Friday, hitting $18.97. 4,096,677 shares of the company were exchanged, compared to its average volume of 5,942,279. The firm has a market capitalization of $13.35 billion, a P/E ratio of 54.20, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38. The firm’s fifty day moving average price is $17.42 and its 200 day moving average price is $13.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.67.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a dividend of $0.30 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, May 3rd. This represents a $1.20 annualized dividend and a dividend yield of 6.33%. Healthpeak Properties’s payout ratio is 342.87%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of Healthpeak Properties by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,985 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,712 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Healthpeak Properties by 645.4% in the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 8,352 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Healthpeak Properties in the 4th quarter valued at $134,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Healthpeak Properties in the 3rd quarter valued at $124,000. Institutional investors and hedge funds 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.