Healthpeak Properties (NYSE:DOC) Given New $25.00 Price Target at Robert W. Baird

Healthpeak Properties (NYSE:DOC) had its price target boosted by Robert W. Baird from $24.00 to $25.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on DOC. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Citigroup upped their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Stock Down 2.1 %

Healthpeak Properties stock opened at $21.98 on Wednesday. The stock has a market cap of $15.37 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.31. Healthpeak Properties has a one year low of $15.44 and a one year high of $23.26. The stock has a fifty day moving average of $22.30 and a 200 day moving average of $20.81.

Healthpeak Properties (NYSE:DOC) last issued its quarterly 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). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, sell-side analysts predict that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s payout ratio is presently 255.32%.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foresight Group Ltd Liability Partnership purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $33,212,000. Atomi Financial Group Inc. purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $399,000. Pensionfund Sabic purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $2,556,000. Mirador Capital Partners LP purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $737,000. Finally, Sarasin & Partners LLP purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $10,425,000. 93.57% of the stock is owned by institutional investors.

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.