Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.27.

DOC has been the subject of several analyst reports. Argus restated a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, June 2nd. Scotiabank reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $18.25 on Monday. Healthpeak Properties has a 52-week low of $16.64 and a 52-week high of $23.26. The firm has a fifty day moving average of $17.42 and a 200-day moving average of $19.02. The firm has a market capitalization of $12.68 billion, a P/E ratio of 45.61, a PEG ratio of 2.08 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, analysts predict that Healthpeak Properties will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were given a $0.1017 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties’s dividend payout ratio is presently 305.00%.

Insider Activity at Healthpeak Properties

In related news, Director John T. Thomas bought 4,200 shares of the stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director owned 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director owned 144,290 shares in the company, valued at $2,491,888.30. This trade represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 29,764 shares of company stock worth $521,909 in the last ninety days. 0.23% of the stock is owned by insiders.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently made changes to their positions in DOC. TCTC Holdings LLC grew its stake in shares of Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 751 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 873 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $30,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Healthpeak Properties in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds 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.