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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.86.

A number of research analysts have issued reports on the stock. Scotiabank increased their target price 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. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Royal Bank of Canada boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $21.62 on Friday. The stock has a 50 day simple moving average of $22.18 and a 200 day simple moving average of $21.13. The stock has a market cap of $15.12 billion, a P/E ratio of 46.00, a PEG ratio of 2.42 and a beta of 1.13. Healthpeak Properties has a 1-year low of $16.01 and a 1-year 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.

Healthpeak Properties (NYSE:DOC) last posted its 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 for the quarter, compared to analyst estimates of $682.51 million. During the same period in the prior year, the business posted $0.45 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.55%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Diamant Asset Management Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $564,000. M&T Bank Corp acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $22,995,000. Rehmann Capital Advisory Group bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $802,000. TD Private Client Wealth LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $295,000. Finally, Fortem Financial Group LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at $1,087,000. 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.