Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Up 9.2% in January

Healthpeak Properties, Inc. (NYSE:DOC) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 12,280,000 shares, a growth of 9.2% from the January 15th total of 11,250,000 shares. Based on an average daily trading volume, of 4,860,000 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. AMF Tjanstepension AB bought a new stake in Healthpeak Properties during the third quarter valued at about $15,548,000. Inspire Investing LLC bought a new stake in Healthpeak Properties during the third quarter valued at about $286,000. Exchange Traded Concepts LLC bought a new stake in Healthpeak Properties during the third quarter valued at about $136,000. Creative Planning bought a new stake in Healthpeak Properties during the third quarter valued at about $4,390,000. Finally, NBC Securities Inc. bought a new stake in Healthpeak Properties during the third quarter valued at about $70,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 1.9 %

Shares of DOC traded down $0.39 during midday trading on Friday, reaching $19.57. 4,495,661 shares of the stock were exchanged, compared to its average volume of 4,675,860. 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. The company’s 50 day moving average is $20.36 and its two-hundred day moving average is $21.46. The company has a market capitalization of $13.69 billion, a P/E ratio of 55.92, a PEG ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The company also recently declared 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 is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.23%. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

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.