Healthpeak Properties (NYSE:DOC) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note published on Friday.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company reaffirmed an equal weight rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Citigroup upped their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a neutral rating in a research note on Thursday, August 22nd. Wedbush raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research report on Monday, July 29th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. Finally, Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an outperform rating in a research note on Monday, September 16th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Healthpeak Properties currently has an average rating of Moderate Buy and an average price target of $22.17.

Healthpeak Properties Price Performance

DOC opened at $21.88 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 62.63, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The stock has a fifty day simple moving average of $22.05 and a two-hundred day simple moving average of $20.41. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.14.

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

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.48%. Healthpeak Properties’s dividend payout ratio (DPR) is 342.86%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth $29,000. UMB Bank n.a. purchased a new stake in Healthpeak Properties in the third quarter worth about $40,000. Mather Group LLC. bought a new position in shares of Healthpeak Properties in the third quarter worth about $60,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Healthpeak Properties during the 2nd quarter valued at about $66,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Healthpeak Properties during the 3rd quarter valued at approximately $67,000. 93.57% of the stock is currently owned by 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.