Healthpeak Properties (NYSE:DOC) Sets New 52-Week Low on Analyst Downgrade

Healthpeak Properties, Inc. (NYSE:DOC) reached a new 52-week low during mid-day trading on Tuesday after Jefferies Financial Group downgraded the stock from a buy rating to a hold rating. Jefferies Financial Group now has a $17.00 price target on the stock, down from their previous price target of $21.00. Healthpeak Properties traded as low as $16.44 and last traded at $16.4350, with a volume of 1219587 shares. The stock had previously closed at $16.66.

Several other analysts have also weighed in on the company. Robert W. Baird decreased their price objective on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Monday, September 15th. Evercore ISI dropped their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target for the company. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Healthpeak Properties by 41.0% in the third quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust’s stock valued at $540,730,000 after acquiring an additional 8,212,504 shares during the last quarter. Norges Bank acquired a new stake in Healthpeak Properties during the 2nd quarter worth $140,558,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Healthpeak Properties by 584.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,218,848 shares of the real estate investment trust’s stock worth $186,405,000 after acquiring an additional 7,872,150 shares during the period. Nordea Investment Management AB raised its position in shares of Healthpeak Properties by 7,444.0% during the 2nd quarter. Nordea Investment Management AB now owns 3,923,205 shares of the real estate investment trust’s stock valued at $67,871,000 after acquiring an additional 3,871,201 shares during the last quarter. Finally, Equity Investment Corp lifted its stake in shares of Healthpeak Properties by 209.6% in the 3rd quarter. Equity Investment Corp now owns 5,330,948 shares of the real estate investment trust’s stock valued at $102,088,000 after purchasing an additional 3,608,849 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11. The company has a market cap of $11.40 billion, a price-to-earnings ratio of -328.03, a P/E/G ratio of 4.14 and a beta of 1.11. The stock has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $17.83.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. Healthpeak Properties’s dividend payout ratio is -2,440.00%.

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.