Healthpeak Properties, Inc. (NYSE:DOC) Receives $23.83 Consensus Target Price from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.83.

Several equities research analysts have weighed in on the company. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a report on Wednesday, January 15th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Healthpeak Properties in a research report on Friday, April 11th. Finally, Scotiabank dropped their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th.

Healthpeak Properties Stock Down 5.2 %

Shares of DOC opened at $17.84 on Wednesday. The company’s 50-day simple moving average is $19.57 and its 200-day simple moving average is $20.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties has a 1 year low of $17.33 and a 1 year high of $23.26. The stock has a market capitalization of $12.48 billion, a PE ratio of 50.97, a P/E/G ratio of 2.17 and a beta of 1.02.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.1017 per share. This represents a dividend yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently modified their holdings of DOC. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Geode Capital Management LLC grew its stake in shares of Healthpeak Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after purchasing an additional 638,012 shares during the period. Principal Financial Group Inc. grew its stake in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after purchasing an additional 17,314,572 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock valued at $350,021,000 after purchasing an additional 1,651,235 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after purchasing an additional 398,770 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

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.