Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) have been given an average rating of "Moderate Buy" by the thirteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $23.83.

A number of equities analysts have recently commented on the stock. Wedbush reissued an "outperform" rating and issued a $24.00 target price on shares of Healthpeak Properties in a research note on Friday, April 11th. Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. Robert W. Baird decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. 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. Finally, StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday.

Healthpeak Properties Stock Performance

NYSE DOC opened at $18.81 on Wednesday. The business's 50-day simple moving average is $19.63 and its 200-day simple moving average is $20.63. The firm has a market capitalization of $13.16 billion, a P/E ratio of 53.74, a P/E/G ratio of 2.17 and a beta of 1.02. Healthpeak Properties has a 1-year low of $17.33 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Announces Dividend

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

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Healthpeak Properties by 4.2% in the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after buying an additional 561 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 563 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Healthpeak Properties by 5.9% in the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after acquiring an additional 584 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust's stock valued at $133,000 after acquiring an additional 598 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Healthpeak Properties by 3.0% during the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 613 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

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.

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