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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.92.

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Mizuho lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Scotiabank lowered their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors have recently made changes to their positions in DOC. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties during the fourth quarter worth approximately $28,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties during the fourth quarter worth approximately $30,000. Avior Wealth Management LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth approximately $37,000. Groupama Asset Managment bought a new stake in shares of Healthpeak Properties during the third quarter worth approximately $37,000. Finally, Covestor Ltd boosted its holdings in shares of Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,152 shares during the period. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $20.40 on Tuesday. The business’s 50-day moving average price is $20.19 and its two-hundred day moving average price is $21.33. Healthpeak Properties has a 1 year low of $16.60 and a 1 year high of $23.26. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 58.29, a P/E/G ratio of 2.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is currently 348.57%.

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.