Healthpeak Properties (NYSE:DOC - Free Report) had its price objective increased by Robert W. Baird from $24.00 to $25.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.
DOC has been the topic of a number of other research reports. Wells Fargo & Company reiterated an "equal weight" rating and set a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Scotiabank raised their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a "sector outperform" rating in a report on Monday, September 9th. Citigroup raised their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Evercore ISI raised their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus price target of $22.79.
Check Out Our Latest Report on Healthpeak Properties
Healthpeak Properties Trading Up 1.0 %
DOC traded up $0.22 during trading on Wednesday, hitting $22.74. The company's stock had a trading volume of 6,977,745 shares, compared to its average volume of 5,711,434. The firm's 50 day moving average price is $22.29 and its 200-day moving average price is $20.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $16.00 billion, a PE ratio of 64.97, a PEG ratio of 3.30 and a beta of 1.14. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $23.26.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, analysts expect that Healthpeak Properties will post 1.79 earnings per share for the current year.
Healthpeak Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 5.28%. Healthpeak Properties's payout ratio is 342.86%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. abrdn plc bought a new stake in Healthpeak Properties during the third quarter worth $62,670,000. Douglas Lane & Associates LLC bought a new stake in Healthpeak Properties during the third quarter valued at $33,947,000. Foresight Group Ltd Liability Partnership bought a new stake in Healthpeak Properties during the third quarter valued at $33,212,000. Asset Management One Co. Ltd. bought a new stake in Healthpeak Properties during the third quarter worth about $29,934,000. Finally, Raymond James & Associates bought a new stake in Healthpeak Properties during the third quarter worth about $25,711,000. Institutional investors own 93.57% of the company's stock.
About Healthpeak Properties
(
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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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