Healthpeak Properties, Inc. (NYSE:DOC) Given Average Rating of “Moderate Buy” by Analysts

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.15.

DOC has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. 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 research report on Wednesday, January 15th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Institutional Trading of Healthpeak Properties

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

Healthpeak Properties Stock Up 0.5 %

DOC stock opened at $20.80 on Monday. 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 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a market cap of $14.55 billion, a P/E ratio of 44.26, a P/E/G ratio of 2.12 and a beta of 1.14. The company’s 50-day moving average price is $20.90 and its 200 day moving average price is $21.52.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 25.9% on a year-over-year basis. On average, research analysts expect that Healthpeak Properties will post 1.81 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 5.77%. Healthpeak Properties’s dividend payout ratio is presently 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.