Healthpeak Properties (NYSE:DOC) Cut to Sell at StockNews.com

StockNews.com lowered shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

A number of other equities analysts have also recently commented on DOC. Argus raised shares of Healthpeak Properties to a strong-buy rating in a research note on Thursday, May 9th. Evercore ISI raised Healthpeak Properties to a strong-buy rating in a research note on Monday, July 29th. Royal Bank of Canada increased their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. Scotiabank boosted their target price on Healthpeak Properties from $22.00 to $23.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. Finally, BNP Paribas upgraded shares of Healthpeak Properties from a neutral rating to an outperform rating and increased their price target for the company from $19.00 to $21.00 in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $20.64.

Healthpeak Properties Trading Down 0.9 %

Healthpeak Properties stock opened at $21.54 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.70. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.19. The stock has a market cap of $15.06 billion, a P/E ratio of 61.54, a PEG ratio of 2.71 and a beta of 1.11. The firm’s fifty day moving average price is $20.04 and its 200-day moving average price is $17.55.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business 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%. Healthpeak Properties’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts forecast that Healthpeak Properties will post 1.79 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in Healthpeak Properties by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the period. Quadrant Capital Group LLC grew its stake in Healthpeak Properties by 645.4% in the fourth quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 8,352 shares during the period. Stratos Wealth Partners LTD. bought a new position in Healthpeak Properties in the fourth quarter worth $134,000. Koshinski Asset Management Inc. purchased a new position in Healthpeak Properties during the fourth quarter valued at $146,000. Finally, Sapient Capital LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $152,000. Institutional investors own 93.57% of the company’s stock.

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.