Healthpeak Properties, Inc. (NYSE:DOC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Healthpeak Properties, Inc. (NYSE:DOCGet Free Report) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.27.

DOC has been the subject of several research reports. Argus reissued a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wall Street Zen cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Scotiabank dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Robert W. Baird dropped their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Wells Fargo & Company dropped their price target on Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd.

Get Our Latest Stock Analysis on DOC

Insider Buying and Selling

In other news, Director Tommy G. Thompson purchased 5,777 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the purchase, the director now owns 144,290 shares of the company’s stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the purchase, the chief executive officer now owns 201,863 shares of the company’s stock, valued at $3,568,937.84. This trade represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 29,764 shares of company stock worth $521,909. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock worth $467,311,000 after buying an additional 3,967,830 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Healthpeak Properties by 6.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust’s stock worth $372,004,000 after buying an additional 1,129,924 shares in the last quarter. Geode Capital Management LLC grew its holdings in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after buying an additional 638,012 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in Healthpeak Properties by 18.5% during the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust’s stock worth $268,642,000 after buying an additional 2,070,416 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Down 0.6%

DOC stock opened at $17.50 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties has a twelve month low of $16.64 and a twelve month high of $23.26. The business has a 50 day moving average price of $17.75 and a two-hundred day moving average price of $19.50. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 2.17 and a beta of 1.04.

Healthpeak Properties (NYSE:DOCGet Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts anticipate that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a $0.1017 dividend. This represents a dividend yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties’s payout ratio is currently 305.00%.

Healthpeak Properties Company Profile

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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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