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

Healthpeak Properties (NYSE:DOC) had its target price trimmed by Mizuho from $25.00 to $24.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on DOC. Robert W. Baird lifted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Scotiabank lifted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. StockNews.com downgraded 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 Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. 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 analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $21.38 on Thursday. Healthpeak Properties has a 12-month low of $16.01 and a 12-month high of $23.26. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.37 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $22.07 and a 200 day moving average of $21.29.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (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 business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 25.9% on a year-over-year basis. On average, research analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.61%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 255.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State Street Corp purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $1,093,576,000. Geode Capital Management LLC purchased a new stake in Healthpeak Properties during the 3rd quarter valued at $403,898,000. Charles Schwab Investment Management Inc. bought a new stake in Healthpeak Properties in the third quarter worth $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties during the third quarter worth $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in Healthpeak Properties during the third quarter valued at $102,615,000. Institutional investors own 93.57% of the company’s stock.

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.