Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 9,460,000 shares, a decrease of 8.4% from the August 31st total of 10,330,000 shares. Based on an average daily volume of 4,820,000 shares, the days-to-cover ratio is currently 2.0 days.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Wedbush upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Scotiabank lifted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Evercore ISI upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.17.
Check Out Our Latest Stock Analysis on DOC
Institutional Inflows and Outflows
Healthpeak Properties Price Performance
Shares of DOC stock traded down $0.21 during mid-day trading on Tuesday, hitting $22.66. 4,315,866 shares of the stock traded hands, compared to its average volume of 5,808,677. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $23.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The company’s 50-day simple moving average is $21.96 and its 200-day simple moving average is $20.13. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 64.40, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14.
Healthpeak Properties (NYSE:DOC – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS 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 business had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. During the same quarter last year, the firm posted $0.45 earnings per share. Healthpeak Properties’s revenue was up 27.5% compared to the same quarter last year. As a group, equities research analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current year.
Healthpeak Properties Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s payout ratio is 342.86%.
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.
Read More
- Five stocks we like better than Healthpeak Properties
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Why is the Ex-Dividend Date Significant to Investors?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- What is a Special Dividend?
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.