Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Update

Healthpeak Properties, Inc. (NYSE:DOC) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 11,170,000 shares, an increase of 5.2% from the April 15th total of 10,620,000 shares. Based on an average daily trading volume, of 7,710,000 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

DOC has been the topic of several research analyst reports. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Scotiabank boosted their target price on shares of Healthpeak Properties from $22.00 to $23.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Argus raised shares of Healthpeak Properties to a “strong-buy” rating in a research report on Thursday, May 9th. Bank of America raised shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Finally, BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $19.08.

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,985 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,712 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Healthpeak Properties by 645.4% in the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Healthpeak Properties in the 4th quarter worth $134,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth $124,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

DOC opened at $19.97 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day moving average price of $18.40 and a 200 day moving average price of $14.47. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $22.38. The stock has a market cap of $14.05 billion, a P/E ratio of 57.06, a P/E/G ratio of 1.92 and a beta of 1.01.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s payout ratio is presently 342.87%.

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.