Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Rating of “Hold” from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $19.8571.

Several research firms recently weighed in on DOC. Wells Fargo & Company raised their target price on shares of Healthpeak Properties from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Scotiabank raised their price target on Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. UBS Group raised their price target on Healthpeak Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Evercore cut Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target for the company. in a report on Monday, May 11th. Finally, Citigroup raised their price target on Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th.

Insiders Place Their Bets

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of Healthpeak Properties stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total value of $213,736.05. Following the completion of the transaction, the insider directly owned 7,636 shares of the company’s stock, valued at $148,520.20. This trade represents a 59.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake in shares of Healthpeak Properties by 87.2% in the 1st quarter. Pacer Advisors Inc. now owns 102,445 shares of the real estate investment trust’s stock worth $1,683,000 after buying an additional 47,729 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Healthpeak Properties by 35.6% in the 1st quarter. Parallel Advisors LLC now owns 12,418 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 3,257 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Healthpeak Properties by 1,063.5% in the 1st quarter. NewEdge Advisors LLC now owns 118,828 shares of the real estate investment trust’s stock worth $1,952,000 after buying an additional 108,615 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in shares of Healthpeak Properties by 9.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 29,051 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 2,544 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Healthpeak Properties by 27.5% in the 1st quarter. Bank of America Corp DE now owns 11,887,795 shares of the real estate investment trust’s stock worth $195,316,000 after buying an additional 2,563,407 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

DOC opened at $19.56 on Monday. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 3.05 and a beta of 1.05. The company has a fifty day moving average of $18.66 and a 200 day moving average of $17.54. Healthpeak Properties has a fifty-two week low of $15.70 and a fifty-two week high of $20.82. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. Healthpeak Properties’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, sell-side analysts forecast that Healthpeak Properties will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 381.25%.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.