Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) PT at $24.08

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.15.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Robert W. Baird lifted 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, October 30th. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th.

Healthpeak Properties Stock Performance

Shares of DOC opened at $20.80 on Monday. Healthpeak Properties has a 52-week low of $16.01 and a 52-week high of $23.26. The firm has a market capitalization of $14.55 billion, a PE ratio of 44.26, a P/E/G ratio of 2.12 and a beta of 1.14. The firm has a 50-day moving average price of $20.90 and a 200 day moving average price of $21.52. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data 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). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the business earned $0.45 EPS. Healthpeak Properties’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Healthpeak Properties will post 1.81 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of Healthpeak Properties by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 968 shares during the period. HB Wealth Management LLC raised its stake in Healthpeak Properties by 85.1% during the fourth quarter. HB Wealth Management LLC now owns 16,414 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 7,546 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Healthpeak Properties during the fourth quarter valued at $506,000. Goldstone Financial Group LLC boosted its stake in shares of Healthpeak Properties by 19.3% in the 4th quarter. Goldstone Financial Group LLC now owns 11,078 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Healthpeak Properties by 2.8% in the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 901 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

About Healthpeak Properties

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.