Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Update

Healthpeak Properties, Inc. (NYSE:DOC) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,250,000 shares, an increase of 7.8% from the September 30th total of 9,510,000 shares. Based on an average trading volume of 4,800,000 shares, the short-interest ratio is currently 2.1 days.

Healthpeak Properties Trading Down 1.2 %

Shares of NYSE DOC opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a market cap of $15.70 billion, a P/E ratio of 47.77, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $23.26. The firm has a 50-day moving average of $22.31 and a 200 day moving average of $20.76.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. As a group, sell-side analysts expect that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.35%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Institutional Trading of Healthpeak Properties

A number of large investors have recently made changes to their positions in DOC. HM Payson & Co. bought a new stake in Healthpeak Properties during the third quarter valued at approximately $25,000. S.A. Mason LLC bought a new stake in Healthpeak Properties during the third quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in Healthpeak Properties during the third quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new stake in Healthpeak Properties during the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. bought a new stake in Healthpeak Properties during the third quarter valued at approximately $33,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Scotiabank raised their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Robert W. Baird raised their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

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.