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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.8182.

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Morgan Stanley dropped their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Robert W. Baird reduced their price target on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, September 15th. Finally, Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $21.00 to $19.00 in a report on Tuesday, July 29th.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of DOC. State Street Corp lifted its position in shares of Healthpeak Properties by 0.9% during the second quarter. State Street Corp now owns 48,602,649 shares of the real estate investment trust’s stock worth $851,032,000 after purchasing an additional 442,481 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Healthpeak Properties by 41.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust’s stock worth $540,730,000 after buying an additional 8,212,504 shares during the period. Invesco Ltd. lifted its holdings in Healthpeak Properties by 20.7% during the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock worth $467,311,000 after buying an additional 3,967,830 shares in the last quarter. Geode Capital Management LLC boosted its position in Healthpeak Properties by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,071,094 shares of the real estate investment trust’s stock valued at $332,625,000 after buying an additional 197,540 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Healthpeak Properties by 6.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust’s stock worth $372,004,000 after acquiring an additional 1,129,924 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Down 0.9%

DOC stock opened at $17.49 on Friday. Healthpeak Properties has a one year low of $16.63 and a one year high of $22.71. The firm has a market cap of $12.15 billion, a PE ratio of -349.63, a PEG ratio of 3.84 and a beta of 1.10. The firm’s 50 day moving average price is $18.37 and its 200-day moving average price is $17.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.28 and a current ratio of 1.22.

Healthpeak Properties (NYSE:DOC) last posted its earnings results 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. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The company had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts anticipate that Healthpeak Properties will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, December 19th. Healthpeak Properties’s payout ratio is currently -2,440.00%.

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.