Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Hold” by Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.6667.

A number of equities analysts have recently weighed in on DOC shares. The Goldman Sachs Group started coverage on shares of Healthpeak Properties in a research note on Friday, January 9th. They set a “neutral” rating and a $17.00 price target on the stock. Jefferies Financial Group cut shares of Healthpeak Properties from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $17.00 in a report on Monday, December 15th. Wells Fargo & Company lifted their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Evercore ISI lowered their price target on Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, Weiss Ratings downgraded Healthpeak Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th.

Healthpeak Properties Stock Down 0.6%

DOC opened at $17.81 on Friday. The business has a 50 day simple moving average of $17.01 and a 200-day simple moving average of $17.69. Healthpeak Properties has a 12 month low of $15.71 and a 12 month high of $21.28. The stock has a market capitalization of $12.38 billion, a P/E ratio of -356.13, a P/E/G ratio of 4.52 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.Healthpeak Properties’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, equities analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 17th. Healthpeak Properties’s payout ratio is -2,440.00%.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its holdings in shares of Healthpeak Properties by 8.1% in the fourth quarter. Apollon Wealth Management LLC now owns 13,667 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 1,029 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Healthpeak Properties by 5.5% in the 4th quarter. V Square Quantitative Management LLC now owns 25,021 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 1,295 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Healthpeak Properties during the 4th quarter valued at $147,000. Oak Thistle LLC purchased a new position in Healthpeak Properties during the fourth quarter worth $3,938,000. Finally, New Wave Wealth Advisors LLC raised its holdings in shares of Healthpeak Properties by 23.9% in the fourth quarter. New Wave Wealth Advisors LLC now owns 14,614 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 2,819 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.