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

Healthpeak Properties, Inc. (NYSE:DOC) was the recipient of a significant increase in short interest in 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 daily volume of 4,800,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors have recently made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth about $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $26,000. Rise Advisors LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. purchased a new position in Healthpeak Properties in the 3rd quarter worth about $33,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DOC shares. Robert W. Baird increased their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Scotiabank upped 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. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.79.

Healthpeak Properties Price Performance

DOC stock opened at $22.45 on Friday. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $23.26. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $22.31 and a two-hundred day simple moving average of $20.76. The firm has a market capitalization 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 (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Analysts anticipate that Healthpeak Properties will post 1.8 earnings per share 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. Stockholders 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 dividend yield of 5.35%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

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.