Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Recommendation of “Moderate Buy” from Analysts

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.15.

A number of brokerages have recently commented on DOC. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Mizuho decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. Robert W. Baird increased their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th.

Healthpeak Properties Price Performance

DOC stock opened at $20.14 on Friday. 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 company has a market capitalization of $14.08 billion, a P/E ratio of 42.84, a PEG ratio of 2.22 and a beta of 1.15. The business has a 50 day simple moving average of $20.63 and a 200-day simple moving average of $21.53. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be paid a $0.305 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 6.06%. Healthpeak Properties’s payout ratio is 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Inceptionr LLC acquired a new position in Healthpeak Properties during the 4th quarter worth $1,242,000. Raymond James Financial Inc. acquired a new position in Healthpeak Properties in the fourth quarter worth about $22,545,000. Arizona State Retirement System increased its holdings in Healthpeak Properties by 0.7% in the fourth quarter. Arizona State Retirement System now owns 203,112 shares of the real estate investment trust’s stock valued at $4,117,000 after buying an additional 1,480 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Healthpeak Properties by 11.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 17,758 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 1,854 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Healthpeak Properties during the 4th quarter worth approximately $1,086,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.