Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.08.

Several equities research analysts have commented on DOC shares. Mizuho dropped their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Robert W. Baird increased their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently bought and sold shares of the business. HM Payson & Co. acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC bought a new position in shares of Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Harbor Capital Advisors Inc. boosted its position in Healthpeak Properties by 5.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 1,186 shares during the period. Rise Advisors LLC bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $29,000. Finally, Fortitude Family Office LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at $32,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $19.74 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26. The firm’s fifty day moving average price is $21.11 and its 200 day moving average price is $21.48.

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

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s payout ratio is 255.32%.

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.