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

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have assigned 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 $19.41.

DOC has been the topic of a number of research reports. Argus upgraded shares of Healthpeak Properties to a “strong-buy” rating in a research note on Thursday, May 9th. Scotiabank increased their target price on Healthpeak Properties from $22.00 to $23.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. boosted their price target on Healthpeak Properties from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Royal Bank of Canada lifted their target price on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Wedbush upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd.

Healthpeak Properties Price Performance

Shares of DOC opened at $19.37 on Thursday. The company’s 50-day moving average is $19.25 and its 200-day moving average is $16.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $13.63 billion, a PE ratio of 55.34, a PEG ratio of 2.40 and a beta of 1.10. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 3rd. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 6.20%. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Healthpeak Properties by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after buying an additional 239,972 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Healthpeak Properties by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock valued at $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Norges Bank acquired a new position in Healthpeak Properties during the 4th quarter worth approximately $34,883,000. Victory Capital Management Inc. lifted its stake in Healthpeak Properties by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,270,712 shares of the real estate investment trust’s stock valued at $30,223,000 after purchasing an additional 87,506 shares during the last quarter. Finally, Leeward Investments LLC MA acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $13,038,000. Institutional investors 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.