Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $24.08.

Several research firms have recently commented on DOC. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Mizuho decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Royal Bank of Canada increased 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. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th.

Healthpeak Properties Stock Up 0.0 %

NYSE:DOC opened at $19.60 on Friday. The firm has a market capitalization of $13.71 billion, a PE ratio of 55.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The stock has a 50 day moving average of $20.50 and a 200-day moving average of $21.51. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 342.87%.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently modified their holdings of DOC. State Street Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $403,898,000. Principal Financial Group Inc. lifted its holdings in shares of Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at $175,697,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.