Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.50.

Several equities research analysts have issued reports on the company. Wedbush upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company initiated coverage on Healthpeak Properties in a report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $22.00 price objective on shares of Healthpeak Properties in a report on Monday, April 22nd. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Finally, Royal Bank of Canada increased their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th.

Healthpeak Properties Trading Up 1.3 %

DOC stock opened at $19.21 on Wednesday. The company has a market cap of $13.52 billion, a P/E ratio of 54.89, a PEG ratio of 1.87 and a beta of 1.01. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $17.74 and a 200-day moving average of $14.13.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.30 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Friday, May 3rd. Healthpeak Properties’s payout ratio is currently 342.87%.

Institutional Trading of Healthpeak Properties

Several hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its holdings in Healthpeak Properties by 36.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 6,354 shares during the last quarter. Virtu Financial LLC acquired a new stake in Healthpeak Properties during the 4th quarter worth approximately $372,000. Novak & Powell Financial Services Inc. acquired a new stake in Healthpeak Properties during the 4th quarter worth approximately $206,000. Gillson Capital LP acquired a new stake in Healthpeak Properties during the 4th quarter worth approximately $1,261,000. Finally, Angelo Gordon & CO. L.P. acquired a new position in Healthpeak Properties in the 4th quarter valued at $3,713,000. 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.