Wedbush Cuts Healthpeak Properties (NYSE:DOC) Price Target to $24.00

Healthpeak Properties (NYSE:DOC) had its price objective cut by Wedbush from $27.00 to $24.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock. Wedbush also issued estimates for Healthpeak Properties’ FY2025 earnings at $1.85 EPS and FY2026 earnings at $1.96 EPS.

DOC has been the subject of a number of other research reports. Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, Mizuho decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Healthpeak Properties Stock Down 1.9 %

Shares of NYSE:DOC opened at $19.57 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The stock has a market capitalization of $13.69 billion, a P/E ratio of 55.92, a PEG ratio of 2.18 and a beta of 1.15. The stock has a 50-day simple moving average of $20.36 and a 200-day simple moving average of $21.45.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be paid a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DOC. AMF Tjanstepension AB bought a new position in shares of Healthpeak Properties in the third quarter worth $15,548,000. Inspire Investing LLC bought a new position in Healthpeak Properties during the third quarter valued at about $286,000. Exchange Traded Concepts LLC bought a new position in Healthpeak Properties during the third quarter valued at about $136,000. Creative Planning bought a new position in Healthpeak Properties during the third quarter valued at about $4,390,000. Finally, NBC Securities Inc. bought a new position in Healthpeak Properties during the third quarter valued at about $70,000. 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.