Healthpeak Properties (NYSE:DOC) Issues Quarterly Earnings Results

Healthpeak Properties (NYSE:DOC) posted its earnings results on Monday. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.06 by $0.38, Zacks reports. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm had revenue of $820.89 million for the quarter, compared to the consensus estimate of $739.18 million.

Healthpeak Properties Stock Up 2.7%

Shares of DOC traded up $0.51 during midday trading on Monday, hitting $19.54. The stock had a trading volume of 9,581,569 shares, compared to its average volume of 7,673,807. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $19.14. Healthpeak Properties has a twelve month low of $15.70 and a twelve month high of $22.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Jefferies Financial Group assumed coverage on Healthpeak Properties in a research report on Tuesday, September 15th. They issued a “hold” rating and a $21.00 price target on the stock. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, UBS Group cut their price objective on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.60.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.