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

Healthpeak Properties, Inc. (NYSE:DOC) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $23.92.

A number of equities research analysts have recently commented on DOC shares. Wells Fargo & Company lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Wedbush lowered their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Scotiabank lowered their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Finally, Mizuho lowered their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Bank Ltd. purchased a new position in Healthpeak Properties during the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth approximately $37,000. Covestor Ltd increased its holdings in shares of Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,152 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 1.9 %

NYSE DOC opened at $20.52 on Tuesday. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 2.17 and a beta of 1.14. Healthpeak Properties has a one year low of $16.66 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business’s fifty day moving average is $20.20 and its 200-day moving average is $21.30.

Healthpeak Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is presently 348.57%.

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.