Wedbush Has Negative Estimate for DOC FY2025 Earnings

Healthpeak Properties, Inc. (NYSE:DOC) – Research analysts at Wedbush lowered their FY2025 earnings estimates for Healthpeak Properties in a report released on Friday, February 14th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $1.85 for the year, down from their previous estimate of $1.86. Wedbush currently has a “Outperform” rating and a $24.00 price target on the stock. The consensus estimate for Healthpeak Properties’ current full-year earnings is $1.85 per share. Wedbush also issued estimates for Healthpeak Properties’ FY2026 earnings at $1.96 EPS.

Several other research firms have also commented on DOC. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Wells Fargo & Company cut their price target 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. Finally, Mizuho cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Price Performance

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

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp bought a new stake in shares of Healthpeak Properties in the third quarter worth $1,093,576,000. JPMorgan Chase & Co. increased its stake in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after buying an additional 638,012 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock worth $350,021,000 after buying an additional 1,651,235 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Increases Dividend

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

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.