Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Rating of “Hold” from Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.4167.

DOC has been the topic of several recent analyst reports. Evercore dropped their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings raised Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. The Goldman Sachs Group started coverage on Healthpeak Properties in a research report on Friday, January 9th. They set a “neutral” rating and a $17.00 price target on the stock. Jefferies Financial Group lowered Healthpeak Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $21.00 to $17.00 in a report on Monday, December 15th. Finally, Wall Street Zen raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Healthpeak Properties Stock Performance

Shares of DOC opened at $16.98 on Friday. The firm has a market capitalization of $11.80 billion, a PE ratio of 169.77, a P/E/G ratio of 9.05 and a beta of 1.12. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $17.19 and a 200 day moving average price of $17.57. Healthpeak Properties has a 52-week low of $15.71 and a 52-week high of $20.81.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results 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 company had revenue of $719.40 million for the quarter, compared to the consensus estimate of $685.14 million. Healthpeak Properties had a net margin of 2.52% and a return on equity of 0.84%. Healthpeak Properties’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. On average, sell-side analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, March 17th. Healthpeak Properties’s dividend payout ratio is presently 1,220.00%.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds have recently made changes to their positions in the business. Advisortrust Partners LLC acquired a new stake in Healthpeak Properties during the fourth quarter valued at approximately $388,000. Corient Private Wealth LLC grew its position in Healthpeak Properties by 3.5% in the fourth quarter. Corient Private Wealth LLC now owns 70,256 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 2,376 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Healthpeak Properties by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 3,262,602 shares of the real estate investment trust’s stock valued at $52,462,000 after buying an additional 217,394 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Healthpeak Properties in the fourth quarter valued at $917,000. Finally, Invesco Ltd. lifted its position in shares of Healthpeak Properties by 9.9% during the 4th quarter. Invesco Ltd. now owns 18,298,776 shares of the real estate investment trust’s stock valued at $294,244,000 after acquiring an additional 1,648,012 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.