StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

StockNews.com lowered shares of Healthpeak Properties (NYSE:DOCFree Report) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

A number of other equities research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Evercore ISI lifted 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. Scotiabank upped 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 note on Monday, September 9th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.79.

View Our Latest Stock Report on DOC

Healthpeak Properties Stock Up 1.0 %

DOC opened at $22.74 on Wednesday. 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 has a market capitalization of $16.00 billion, a PE ratio of 64.97, a P/E/G ratio of 3.30 and a beta of 1.14. The stock’s fifty day moving average is $22.29 and its 200-day moving average is $20.74. Healthpeak Properties has a one year low of $15.24 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOCGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter last year, the firm posted $0.45 earnings per share. Healthpeak Properties’s revenue was up 25.9% compared to the same quarter last year. On average, equities analysts predict that Healthpeak Properties will post 1.79 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Institutional Trading of Healthpeak Properties

A number of institutional investors have recently bought and sold shares of the company. HM Payson & Co. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties during the third quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $29,000. Fortitude Family Office LLC bought a new position in shares of Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new stake in shares of Healthpeak Properties in the third quarter worth $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Healthpeak Properties (NYSE:DOC)

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