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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $22.93.

Several brokerages have issued reports on DOC. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $19.98 on Thursday. The stock has a market cap of $13.97 billion, a P/E ratio of 42.51, a PEG ratio of 2.37 and a beta of 1.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $21.90 and its two-hundred day moving average price is $21.40. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced 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). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts predict 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, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

Several institutional investors have recently added to or reduced their stakes in DOC. HM Payson & Co. bought a new position in shares of Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC bought a new position in shares of Healthpeak Properties in the third quarter worth $26,000. Rise Advisors LLC acquired a new position in Healthpeak Properties during the 3rd quarter valued at about $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties during the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth $33,000. Hedge funds and other 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.