Healthpeak Properties (NYSE:DOC) Reaches New 1-Year Low - What's Next?

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.56 and last traded at $17.68, with a volume of 499850 shares trading hands. The stock had previously closed at $18.43.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DOC shares. StockNews.com raised Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 22nd. Wedbush reissued an "outperform" rating and set a $24.00 price objective on shares of Healthpeak Properties in a research report on Friday. Morgan Stanley upgraded 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. Scotiabank lowered their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird cut their price target 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. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.83.

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Healthpeak Properties Price Performance

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average of $19.79 and a 200 day moving average of $20.82. The firm has a market capitalization of $12.69 billion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be given a $0.1017 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date is Monday, June 16th. Healthpeak Properties's payout ratio is 348.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth $403,898,000. Principal Financial Group Inc. grew its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Norges Bank purchased a new position in Healthpeak Properties during the 4th quarter valued at about $166,804,000. Resolution Capital Ltd purchased a new stake in Healthpeak Properties in the fourth quarter worth $122,795,000. Finally, Long Pond Capital LP bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at about $86,885,000. 93.57% of the stock is owned by institutional investors.

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.