Analysts Set Healthpeak Properties, Inc. (NYSE:DOC) PT at $19.41

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.41.

A number of analysts have recently weighed in on the stock. Mizuho reaffirmed a “buy” rating and set a $22.00 price target on shares of Healthpeak Properties in a report on Monday, April 22nd. Royal Bank of Canada lifted their price target on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Wedbush upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Finally, Argus raised shares of Healthpeak Properties to a “strong-buy” rating in a report on Thursday, May 9th.

Institutional Trading of Healthpeak Properties

Institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in Healthpeak Properties by 0.6% during the 4th quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock worth $1,821,000 after buying an additional 854 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Healthpeak Properties by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,692 shares of the real estate investment trust’s stock worth $3,976,000 after acquiring an additional 956 shares during the period. Mckinley Capital Management LLC boosted its holdings in Healthpeak Properties by 2.8% in the fourth quarter. Mckinley Capital Management LLC now owns 41,458 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 1,114 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in Healthpeak Properties by 2.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 46,684 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 1,184 shares during the period. Finally, Blankinship & Foster LLC raised its holdings in Healthpeak Properties by 14.1% during the 4th quarter. Blankinship & Foster LLC now owns 14,292 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 1,766 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 0.7 %

DOC opened at $19.46 on Thursday. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 55.60, a P/E/G ratio of 2.45 and a beta of 1.11. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38. The company has a 50-day simple moving average of $19.33 and a 200 day simple moving average of $16.29.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were given a $0.30 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 6.17%. The ex-dividend date was Friday, May 3rd. Healthpeak Properties’s dividend payout ratio is 342.87%.

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.