Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $21.75

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $21.83.

A number of equities research analysts have recently commented on the company. Wedbush raised their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank increased their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Citigroup boosted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.

Institutional Trading of Healthpeak Properties

A number of large investors have recently added to or reduced their stakes in the company. Natixis Advisors L.P. raised its holdings in shares of Healthpeak Properties by 31.3% in the 4th quarter. Natixis Advisors L.P. now owns 55,395 shares of the real estate investment trust’s stock valued at $737,000 after purchasing an additional 13,203 shares during the period. Amalgamated Bank raised its stake in Healthpeak Properties by 0.6% in the fourth quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock valued at $1,821,000 after buying an additional 854 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Healthpeak Properties by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after buying an additional 239,972 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Healthpeak Properties by 43.2% during the 4th quarter. BNP Paribas Financial Markets now owns 199,257 shares of the real estate investment trust’s stock worth $2,652,000 after acquiring an additional 60,130 shares during the period. Finally, AGF Management Ltd. increased its holdings in shares of Healthpeak Properties by 28.7% during the 4th quarter. AGF Management Ltd. now owns 286,381 shares of the real estate investment trust’s stock worth $3,812,000 after acquiring an additional 63,896 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 0.8 %

Shares of NYSE DOC opened at $22.41 on Tuesday. The firm has a 50 day moving average price of $21.60 and a 200 day moving average price of $19.73. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market cap of $15.77 billion, a P/E ratio of 64.03, a P/E/G ratio of 2.31 and a beta of 1.14. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $22.79.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. Healthpeak Properties’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Analysts expect that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.35%. Healthpeak Properties’s payout ratio is 342.86%.

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.