Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.08.

DOC has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Evercore ISI increased their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Robert W. Baird boosted their target price on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Mizuho cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DOC. State Street Corp acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $1,093,576,000. Geode Capital Management LLC acquired a new position in Healthpeak Properties in the third quarter valued at approximately $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in Healthpeak Properties during the third quarter worth approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the 3rd quarter worth $102,615,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $19.74 on Monday. The firm’s fifty day moving average is $21.11 and its two-hundred day moving average is $21.48. Healthpeak Properties has a 52-week low of $16.01 and a 52-week high of $23.26. The company has a market cap of $13.81 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, analysts anticipate that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.