Healthpeak Properties, Inc. (NYSE:DOC) Receives $24.15 Consensus Target Price from Analysts

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.15.

Several research firms have recently commented on DOC. Wells Fargo & Company reduced their price target on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Mizuho decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a research report on Monday, October 21st.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.28 during midday trading on Friday, hitting $19.58. The company had a trading volume of 5,357,266 shares, compared to its average volume of 4,816,806. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.31. The business's 50-day simple moving average is $20.54 and its 200-day simple moving average is $21.52.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.23%. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Healthpeak Properties's dividend payout ratio (DPR) is 342.87%.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors have recently bought and sold shares of the company. HM Payson & Co. purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter worth $33,000. 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.