Healthpeak Properties, Inc. (NYSE:DOC) Sees Large Increase in Short Interest

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 10,250,000 shares, an increase of 7.8% from the September 30th total of 9,510,000 shares. Based on an average daily volume of 4,800,000 shares, the days-to-cover ratio is presently 2.1 days.

Healthpeak Properties Stock Down 2.1 %

Shares of NYSE DOC traded down $0.47 during midday trading on Friday, reaching $21.98. 5,943,353 shares of the company's stock were exchanged, compared to its average volume of 5,727,673. Healthpeak Properties has a 52-week low of $15.44 and a 52-week high of $23.26. The business's fifty day moving average price is $22.31 and its two-hundred day moving average price is $20.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.31. The stock has a market capitalization of $15.37 billion, a PE ratio of 47.77, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14.

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

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. Healthpeak Properties's payout ratio is currently 255.32%.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

DOC has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 30th. Wedbush upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.79.

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.