Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $22.86

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.86.

Several research analysts have commented on DOC shares. Scotiabank lifted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $22.33 on Friday. The firm has a market capitalization of $15.62 billion, a PE ratio of 46.79, a PEG ratio of 2.41 and a beta of 1.13. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $22.17 and its 200 day simple moving average is $21.18.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The firm 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%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

Several large investors have recently made changes to their positions in DOC. Associated Banc Corp bought a new stake in Healthpeak Properties during the third quarter worth about $10,559,000. Harbour Investments Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $1,156,000. KBC Group NV bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $17,438,000. Private Advisor Group LLC acquired a new stake in Healthpeak Properties during the 3rd quarter valued at $405,000. Finally, Moors & Cabot Inc. bought a new position in Healthpeak Properties in the 3rd quarter valued at $572,000. 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.