Healthpeak Properties (NYSE:DOC) Price Target Raised to $26.00 at Evercore ISI

Healthpeak Properties (NYSE:DOC) had its price objective raised by Evercore ISI from $25.00 to $26.00 in a research note released on Monday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. StockNews.com raised Healthpeak Properties from a sell rating to a hold rating in a report on Thursday, August 29th. Royal Bank of Canada lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, July 30th. Wedbush lifted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Monday, July 29th. Wells Fargo & Company raised Healthpeak Properties to a hold rating in a research note on Monday, August 12th. Finally, Citigroup lifted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a research note on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $21.83.

Healthpeak Properties Trading Down 0.8 %

Shares of NYSE DOC opened at $22.41 on Monday. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 64.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.79. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock’s 50 day simple moving average is $21.60 and its 200 day simple moving average is $19.73.

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 company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Equities research analysts expect that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently modified their holdings of DOC. Parallel Advisors LLC raised its stake in shares of Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth $66,000. Quadrant Capital Group LLC grew its holdings in shares of Healthpeak Properties by 645.4% in the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Healthpeak Properties in the 4th quarter worth $153,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth $161,000. 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.