Healthpeak Properties (NYSE:DOC) Reaches New 12-Month High – Time to Buy?

Shares of Healthpeak Properties, Inc. (NYSE:DOC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.98 and last traded at $19.95, with a volume of 3153911 shares. The stock had previously closed at $19.73.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOC. Argus lowered Healthpeak Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings upgraded Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Evercore cut shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price target on the stock. in a research report on Monday, May 11th. Morgan Stanley lifted their price target on shares of Healthpeak Properties from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.08.

Healthpeak Properties Stock Up 1.7%

The stock has a market capitalization of $13.84 billion, a P/E ratio of 62.72, a PEG ratio of 2.51 and a beta of 1.00. The stock has a 50 day moving average price of $17.55 and a 200-day moving average price of $17.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The company had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. During the same period in the prior year, the business posted $0.46 EPS. Healthpeak Properties’s quarterly revenue was up 7.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.75 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 15th will be issued a $0.1017 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.1%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 381.25%.

Insider Activity at Healthpeak Properties

In related news, insider Scott R. Bohn sold 10,989 shares of Healthpeak Properties stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total value of $213,736.05. Following the transaction, the insider directly owned 7,636 shares of the company’s stock, valued at $148,520.20. The trade was a 59.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Healthpeak Properties

A number of large investors have recently added to or reduced their stakes in DOC. Argent Advisors Inc. bought a new position in Healthpeak Properties during the 3rd quarter valued at approximately $1,536,000. Twin City Private Wealth LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $1,148,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Healthpeak Properties by 7.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,935,397 shares of the real estate investment trust’s stock valued at $37,063,000 after buying an additional 126,322 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Healthpeak Properties by 8.4% during the third quarter. Bank of New York Mellon Corp now owns 6,754,147 shares of the real estate investment trust’s stock valued at $129,342,000 after acquiring an additional 525,875 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Healthpeak Properties by 41.0% during the third quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust’s stock valued at $540,730,000 after acquiring an additional 8,212,504 shares in the last quarter. Institutional investors 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.