Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.83.

Several equities analysts recently commented on DOC shares. Wedbush upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised Healthpeak Properties to a “hold” rating in a research report on Monday, August 12th. Evercore ISI lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. Finally, Citigroup increased their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd.

Healthpeak Properties Trading Down 0.8 %

Shares of DOC stock opened at $22.41 on Tuesday. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.79. The company has a market capitalization of $15.77 billion, a PE ratio of 64.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The firm has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $19.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. As a group, analysts predict that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Hedge Funds Weigh In On Healthpeak Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOC. Norges Bank bought a new stake in shares of Healthpeak Properties during the fourth quarter worth $34,883,000. Angelo Gordon & CO. L.P. bought a new stake in Healthpeak Properties during the 4th quarter worth $3,713,000. Charles Schwab Investment Management Inc. grew its position in Healthpeak Properties by 6.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock worth $52,488,000 after acquiring an additional 239,972 shares during the last quarter. UBS Group AG increased its holdings in Healthpeak Properties by 56.5% in the 4th quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock worth $7,010,000 after purchasing an additional 190,186 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Healthpeak Properties by 1,543.7% in the 4th quarter. Corient Private Wealth LLC now owns 164,613 shares of the real estate investment trust’s stock worth $2,191,000 after purchasing an additional 154,598 shares in the last quarter. 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.