Healthpeak Properties (NYSE:DOC) Upgraded at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note published on Saturday.

Several other equities analysts also recently commented on DOC. Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Wedbush lowered their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Finally, Scotiabank reduced their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

Healthpeak Properties Trading Up 2.1 %

DOC opened at $20.45 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $20.25 and its 200-day moving average price is $21.15. Healthpeak Properties has a one year low of $17.45 and a one year high of $23.26. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 58.42, a P/E/G ratio of 2.17 and a beta of 1.14.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 5.97%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s dividend payout ratio is 348.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DOC. State Street Corp purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $1,093,576,000. Geode Capital Management LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $403,898,000. Principal Financial Group Inc. grew its stake in Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in Healthpeak Properties during the 3rd quarter valued at about $230,988,000. Finally, Norges Bank acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at about $166,804,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.