Healthpeak Properties (NYSE:DOC) Price Target Raised to $26.00 at Evercore ISI

Healthpeak Properties (NYSE:DOC) had its target price boosted by Evercore ISI from $25.00 to $26.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada raised their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. StockNews.com upgraded Healthpeak Properties from a sell rating to a hold rating in a report on Thursday, August 29th. Wells Fargo & Company upgraded Healthpeak Properties to a hold rating in a report on Monday, August 12th. Wedbush raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a report on Monday, July 29th. Finally, Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $21.83.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $22.41 on Monday. The stock’s 50-day moving average is $21.60 and its 200-day moving average is $19.73. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 64.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $22.79.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Equities analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

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

Institutional Investors Weigh In On Healthpeak Properties

A number of hedge funds have recently bought and sold shares of DOC. Parallel Advisors LLC grew its position in shares of Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,985 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $66,000. Quadrant Capital Group LLC grew its position in shares of Healthpeak Properties by 645.4% in the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $153,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $161,000. Institutional investors and hedge funds 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.