Healthpeak Properties (NYSE:DOC) Cut to Sell at StockNews.com

StockNews.com lowered shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research report report published on Tuesday.

Several other research analysts also recently weighed in on the stock. Wedbush upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Monday, July 29th. Scotiabank upped their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a sector outperform rating in a report on Monday, September 9th. Evercore ISI lifted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an outperform rating in a research note on Monday. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upgraded Healthpeak Properties to a hold rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $21.83.

Healthpeak Properties Stock Down 1.0 %

DOC stock opened at $21.90 on Tuesday. The stock’s 50 day simple moving average is $21.72 and its 200 day simple moving average is $19.84. The company has a market cap of $15.41 billion, a P/E ratio of 62.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.79.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. On average, research analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s dividend payout ratio is presently 342.86%.

Institutional Trading of Healthpeak Properties

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Healthpeak Properties in the 4th quarter valued at $34,883,000. Angelo Gordon & CO. L.P. purchased a new position in shares of Healthpeak Properties in the 4th quarter worth about $3,713,000. UBS Group AG boosted its holdings in shares of Healthpeak Properties by 56.5% in the 4th quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock worth $7,010,000 after buying an additional 190,186 shares during the last quarter. Corient Private Wealth LLC grew its position in Healthpeak Properties by 1,543.7% during the fourth quarter. Corient Private Wealth LLC now owns 164,613 shares of the real estate investment trust’s stock valued at $2,191,000 after buying an additional 154,598 shares during the period. Finally, APG Asset Management US Inc. purchased a new stake in Healthpeak Properties during the fourth quarter worth about $1,450,000. 93.57% of the stock is currently owned by institutional investors.

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.