Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $22.93

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.93.

Several analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Mizuho decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a research note on Monday, September 9th. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, October 30th. Finally, Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th.

Healthpeak Properties Trading Down 1.1 %

DOC traded down $0.22 during trading on Thursday, hitting $19.76. The company's stock had a trading volume of 6,219,043 shares, compared to its average volume of 5,629,382. The firm has a market capitalization of $13.82 billion, a P/E ratio of 42.04, a PEG ratio of 2.37 and a beta of 1.13. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26. The stock's fifty day moving average price is $21.86 and its 200-day moving average price is $21.39. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is currently 255.32%.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. HM Payson & Co. purchased a new stake in Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties in the third quarter worth $29,000. Fortitude Family Office LLC acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in Healthpeak Properties during the third quarter worth approximately $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

About Healthpeak Properties

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.