Healthpeak Properties (NYSE:DOC) Price Target Lowered to $22.00 at Wells Fargo & Company

Healthpeak Properties (NYSE:DOC) had its price objective decreased by Wells Fargo & Company from $23.00 to $22.00 in a research note published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank increased their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Robert W. Baird increased their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped 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, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.93.

Healthpeak Properties Stock Performance

DOC opened at $20.93 on Tuesday. The firm has a fifty day moving average price of $21.97 and a 200 day moving average price of $21.33. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The stock has a market cap of $14.64 billion, a P/E ratio of 44.53, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the company posted $0.45 EPS. The company’s revenue was up 25.9% on a year-over-year basis. Equities research analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.73%. Healthpeak Properties’s dividend payout ratio (DPR) is 255.32%.

Institutional Trading of Healthpeak Properties

Several hedge funds have recently made changes to their positions in DOC. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.