Royal Bank of Canada Issues Positive Forecast for Healthpeak Properties (NYSE:DOC) Stock Price

Healthpeak Properties (NYSE:DOC - Free Report) had its price target hoisted by Royal Bank of Canada from $25.00 to $26.00 in a report published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust's stock.

Several other equities research analysts also recently commented on the company. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Evercore ISI boosted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Wedbush upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Finally, Citigroup increased their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and a consensus target price of $22.86.

Healthpeak Properties Stock Up 1.4 %

NYSE:DOC traded up $0.31 during trading hours on Monday, reaching $21.99. 4,247,787 shares of the stock were exchanged, compared to its average volume of 5,720,997. The stock has a market cap of $15.38 billion, a PE ratio of 46.79, a PEG ratio of 2.50 and a beta of 1.13. Healthpeak Properties has a twelve month low of $15.44 and a twelve month high of $23.26. The firm has a 50 day moving average of $22.29 and a 200 day moving average of $20.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 0.70.

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

Healthpeak Properties Dividend Announcement

The business also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Monday, November 4th. Healthpeak Properties's dividend payout ratio (DPR) is presently 255.32%.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties in the third quarter valued at about $33,212,000. Atomi Financial Group Inc. bought a new position in shares of Healthpeak Properties in the third quarter worth $399,000. Pensionfund Sabic purchased a new position in shares of Healthpeak Properties in the third quarter valued at $2,556,000. Mirador Capital Partners LP bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $737,000. Finally, Sarasin & Partners LLP purchased a new stake in Healthpeak Properties during the 3rd quarter worth about $10,425,000. 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.