Healthpeak Properties (NYSE:DOC) Upgraded by Wedbush to Outperform

Wedbush upgraded shares of Healthpeak Properties (NYSE:DOC) from a neutral rating to an outperform rating in a report released on Friday, Marketbeat reports.

Several other equities analysts have also recently weighed in on DOC. Wells Fargo & Company began coverage on Healthpeak Properties in a report on Monday, March 25th. They set an equal weight rating and a $19.00 price target on the stock. KeyCorp reaffirmed a sector weight rating on shares of Healthpeak Properties in a report on Friday, January 5th. StockNews.com cut Healthpeak Properties from a hold rating to a sell rating in a report on Friday, April 26th. Mizuho reaffirmed a buy rating and issued a $22.00 target price on shares of Healthpeak Properties in a report on Monday, April 22nd. Finally, BNP Paribas raised Healthpeak Properties from a neutral rating to an outperform rating and raised their target price for the stock from $19.00 to $21.00 in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $18.36.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded up $0.10 during midday trading on Friday, hitting $18.97. 4,096,677 shares of the stock traded hands, compared to its average volume of 5,942,279. The firm has a 50-day moving average of $17.42 and a two-hundred day moving average of $13.99. The firm has a market capitalization of $13.35 billion, a P/E ratio of 54.20, a PEG ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.67 and a current ratio of 0.69. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Friday, May 3rd. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its position in shares of Healthpeak Properties by 24.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 217,420 shares of the real estate investment trust’s stock valued at $2,894,000 after purchasing an additional 42,030 shares in the last quarter. Leeward Investments LLC MA purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at about $13,038,000. Orion Portfolio Solutions LLC lifted its holdings in shares of Healthpeak Properties by 31.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 386,844 shares of the real estate investment trust’s stock valued at $4,716,000 after acquiring an additional 92,966 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $741,000. Finally, Employees Retirement System of Texas lifted its holdings in shares of Healthpeak Properties by 39.5% in the 3rd quarter. Employees Retirement System of Texas now owns 212,000 shares of the real estate investment trust’s stock valued at $2,584,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other 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.