Healthpeak Properties, Inc. (NYSE:DOC) Receives $24.08 Consensus Price Target from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.15.

Several equities research analysts have recently issued reports on DOC shares. Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Mizuho dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp purchased a new position in Healthpeak Properties during the third quarter worth about $1,093,576,000. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $403,898,000. Charles Schwab Investment Management Inc. acquired a new position in Healthpeak Properties in the third quarter valued at approximately $230,988,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Healthpeak Properties in the third quarter worth approximately $175,697,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Healthpeak Properties during the third quarter worth $102,615,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Up 0.5 %

Healthpeak Properties stock opened at $20.80 on Monday. The business’s 50-day moving average price is $20.90 and its 200 day moving average price is $21.49. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Healthpeak Properties will post 1.81 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

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.