Healthpeak Properties, Inc. (DOC) – What Are Investment Firms Thinking About This Stock?

Healthpeak Properties, Inc. (NYSE:DOC) has earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.60.

DOC has been the subject of a number of recent research reports. Weiss Ratings cut shares of Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Cantor Fitzgerald upped their target price on Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. UBS Group lowered their target price on Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Robert W. Baird boosted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Citigroup upped their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Healthpeak Properties by 92.3% in the second quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock valued at $1,995,928,000 after buying an additional 44,767,085 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Healthpeak Properties by 60.3% during the first quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock worth $253,949,000 after buying an additional 5,815,189 shares during the period. Bank of America Corp DE grew its stake in Healthpeak Properties by 27.5% during the first quarter. Bank of America Corp DE now owns 11,887,795 shares of the real estate investment trust’s stock worth $195,316,000 after purchasing an additional 2,563,407 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Healthpeak Properties by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,583,736 shares of the real estate investment trust’s stock valued at $173,896,000 after acquiring an additional 290,589 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Healthpeak Properties by 83.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock valued at $166,095,000 after purchasing an additional 3,530,429 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $19.05 on Friday. The firm has a market capitalization of $13.14 billion, a PE ratio of 54.43, a P/E/G ratio of 2.35 and a beta of 1.01. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95. The firm’s 50-day simple moving average is $19.90 and its 200 day simple moving average is $19.14. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same period last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, equities research analysts predict that Healthpeak Properties will post 1.77 EPS for the current fiscal year.

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 given a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

About Healthpeak Properties

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.