Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Down 8.4% in September

Healthpeak Properties, Inc. (NYSE:DOC) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 9,460,000 shares, a decline of 8.4% from the August 31st total of 10,330,000 shares. Based on an average daily volume of 4,820,000 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DOC. Citigroup increased their price objective 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. Scotiabank raised their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price of $22.17.

Institutional Trading of Healthpeak Properties

A number of institutional investors have recently modified their holdings of DOC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Healthpeak Properties during the second quarter valued at approximately $66,000. Parallel Advisors LLC increased its position in shares of Healthpeak Properties by 274.6% during the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,985 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $161,000. Centaurus Financial Inc. acquired a new stake in shares of Healthpeak Properties in the 2nd quarter worth $227,000. Finally, Novak & Powell Financial Services Inc. purchased a new position in Healthpeak Properties during the 4th quarter worth $206,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Stock Down 0.9 %

Shares of DOC traded down $0.21 during mid-day trading on Tuesday, hitting $22.66. The company’s stock had a trading volume of 4,315,866 shares, compared to its average volume of 5,808,677. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $21.96 and its 200-day moving average is $20.13. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $23.14. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 64.40, a PEG ratio of 2.36 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $665.11 million. During the same period last year, the business posted $0.45 EPS. The firm’s revenue was up 27.5% compared to the same quarter last year. On average, equities research analysts forecast that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were issued a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.30%. Healthpeak Properties’s dividend payout ratio is presently 342.86%.

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.