Healthpeak Properties (NYSE:DOC) Hits New 1-Year High at $22.83

Healthpeak Properties, Inc. (NYSE:DOC) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $22.83 and last traded at $22.83, with a volume of 1312 shares traded. The stock had previously closed at $22.57.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DOC. Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Wedbush lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company raised shares of Healthpeak Properties to a “hold” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.83.

Healthpeak Properties Stock Performance

The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 64.34, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The stock’s 50 day moving average is $21.79 and its 200 day moving average is $19.95. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. Analysts anticipate that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.33%. Healthpeak Properties’s payout ratio is presently 342.86%.

Institutional Trading of Healthpeak Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Healthpeak Properties during the 2nd quarter worth approximately $66,000. Parallel Advisors LLC lifted its stake in Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the last quarter. Point72 DIFC Ltd bought a new position in Healthpeak Properties in the 2nd quarter valued at approximately $161,000. Coldstream Capital Management Inc. bought a new position in Healthpeak Properties in the 4th quarter valued at approximately $153,000. Finally, Centaurus Financial Inc. bought a new position in Healthpeak Properties in the 2nd quarter valued at approximately $227,000. Institutional investors 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.