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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.75.

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Evercore ISI increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. StockNews.com upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, Wedbush raised their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in Healthpeak Properties by 6.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after acquiring an additional 239,972 shares during the last quarter. Norges Bank purchased a new position in shares of Healthpeak Properties in the fourth quarter worth approximately $34,883,000. Isthmus Partners LLC boosted its holdings in shares of Healthpeak Properties by 11.0% in the fourth quarter. Isthmus Partners LLC now owns 639,633 shares of the real estate investment trust’s stock worth $8,514,000 after buying an additional 63,493 shares during the last quarter. UBS Group AG grew its position in Healthpeak Properties by 56.5% during the fourth quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock valued at $7,010,000 after buying an additional 190,186 shares during the period. Finally, AGF Management Ltd. increased its holdings in Healthpeak Properties by 28.7% during the fourth quarter. AGF Management Ltd. now owns 286,381 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 63,896 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Up 0.6 %

DOC stock opened at $22.13 on Tuesday. The company’s 50 day moving average is $21.26 and its 200 day moving average is $19.26. The stock has a market cap of $15.48 billion, a price-to-earnings ratio of 63.23, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.67.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. During the same period in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s payout ratio is 342.87%.

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.