Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Down 8.4% in September

Healthpeak Properties, Inc. (NYSE:DOC) 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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in shares of Healthpeak Properties by 56.5% in the 4th quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock worth $7,010,000 after acquiring an additional 190,186 shares during the last quarter. Hsbc Holdings PLC increased its stake in Healthpeak Properties by 12.0% in the 4th quarter. Hsbc Holdings PLC now owns 140,403 shares of the real estate investment trust’s stock worth $1,869,000 after purchasing an additional 15,048 shares in the last quarter. Parallel Advisors LLC raised its holdings in Healthpeak Properties by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares during the period. Bank of Nova Scotia lifted its stake in Healthpeak Properties by 8.2% during the fourth quarter. Bank of Nova Scotia now owns 34,923 shares of the real estate investment trust’s stock valued at $465,000 after buying an additional 2,654 shares in the last quarter. Finally, APG Asset Management US Inc. purchased a new stake in Healthpeak Properties during the fourth quarter valued at about $1,450,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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) 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.