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

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.83.

Several research firms have weighed in on DOC. Wells Fargo & Company cut their price objective on Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Mizuho dropped their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Wedbush reduced their target price on shares of Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 14th. Finally, Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th.

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Healthpeak Properties Stock Up 0.2 %

Shares of DOC traded up $0.05 during trading hours on Friday, reaching $20.07. 3,403,497 shares of the stock traded hands, compared to its average volume of 4,849,976. Healthpeak Properties has a 52 week low of $17.80 and a 52 week high of $23.26. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 2.17 and a beta of 1.14. The stock has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $21.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.08%. This is an increase from Healthpeak Properties's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties's dividend payout ratio is presently 348.57%.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently bought and sold shares of the company. State Street Corp bought a new position in Healthpeak Properties in the 3rd quarter valued at $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 valued at $493,115,000 after buying an additional 4,056,931 shares during the period. Geode Capital Management LLC grew its position in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock worth $371,168,000 after buying an additional 638,012 shares in the last quarter. Principal Financial Group Inc. grew its position in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised 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 acquiring an additional 1,651,235 shares in the last quarter. Hedge funds and other institutional investors 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.