Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Target Price at $24.08

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $24.08.

DOC has been the subject of several research reports. Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, October 30th. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Robert W. Baird raised their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth $1,093,576,000. JPMorgan Chase & Co. boosted its stake in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. Geode Capital Management LLC purchased a new position in Healthpeak Properties during the third quarter worth about $403,898,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $230,988,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $175,697,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $19.74 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties has a 12-month low of $16.01 and a 12-month high of $23.26. The business's 50 day moving average is $21.11 and its two-hundred day moving average is $21.48. The company has a market capitalization of $13.81 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.31 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The business's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Analysts expect that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's dividend payout ratio is presently 255.32%.

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.