Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $24.15.

DOC has been the topic of several research reports. Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Healthpeak Properties Price Performance

DOC stock opened at $20.14 on Friday. The stock has a market cap of $14.08 billion, a PE ratio of 42.84, a P/E/G ratio of 2.22 and a beta of 1.15. Healthpeak Properties has a 12 month low of $16.01 and a 12 month high of $23.26. The company has a 50-day moving average price of $20.63 and a 200 day moving average price of $21.53. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties Increases Dividend

The company 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. The ex-dividend date is Friday, February 14th. This represents a $1.22 dividend on an annualized basis and a yield of 6.06%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is currently 255.32%.

Hedge Funds Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently modified their holdings of DOC. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Healthpeak Properties by 10.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 598 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Healthpeak Properties by 3.9% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 797 shares in the last quarter. Mirador Capital Partners LP lifted its position in Healthpeak Properties by 2.8% in the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock valued at $672,000 after acquiring an additional 901 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Healthpeak Properties by 10.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,117 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 927 shares in the last quarter. Institutional investors and hedge funds 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.