Healthpeak Properties (NYSE:DOC) Price Target Cut to $18.00 by Analysts at Wells Fargo & Company

Healthpeak Properties (NYSE:DOC) had its target price decreased by Wells Fargo & Company from $19.00 to $18.00 in a report issued on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts have also recently issued reports on DOC. Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Weiss Ratings upgraded shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Jefferies Financial Group lowered shares of Healthpeak Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $21.00 to $17.00 in a report on Monday, December 15th. Cantor Fitzgerald set a $17.00 price objective on shares of Healthpeak Properties in a research report on Monday, January 5th. Finally, The Goldman Sachs Group initiated coverage on Healthpeak Properties in a research note on Friday, January 9th. They set a “neutral” rating and a $17.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and an average price target of $19.58.

Healthpeak Properties Stock Performance

DOC stock opened at $16.91 on Monday. The company has a 50 day moving average price of $16.98 and a 200 day moving average price of $17.64. Healthpeak Properties has a fifty-two week low of $15.71 and a fifty-two week high of $21.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $11.75 billion, a PE ratio of -338.05, a price-to-earnings-growth ratio of 4.34 and a beta of 1.12.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $719.40 million during the quarter, compared to analyst estimates of $685.14 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. Analysts forecast that Healthpeak Properties will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio (DPR) is currently -2,440.00%.

Institutional Trading of Healthpeak Properties

A number of large investors have recently added to or reduced their stakes in DOC. Bayforest Capital Ltd acquired a new position in shares of Healthpeak Properties during the second quarter worth $442,000. Vanderbilt University bought a new stake in Healthpeak Properties during the 3rd quarter worth $1,263,000. Northside Capital Management LLC acquired a new position in Healthpeak Properties in the 3rd quarter worth about $6,123,000. Baird Financial Group Inc. raised its position in Healthpeak Properties by 38.5% in the second quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock valued at $7,047,000 after purchasing an additional 111,807 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Healthpeak Properties by 8,859.2% during the third quarter. Trust Co. of Toledo NA OH now owns 82,425 shares of the real estate investment trust’s stock valued at $1,578,000 after purchasing an additional 81,505 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

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.