Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) PT at $20.91

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $20.60.

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 1st. Cantor Fitzgerald initiated coverage on Healthpeak Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective for the company. Evercore ISI set a $22.00 target price on shares of Healthpeak Properties in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company boosted their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th.

Hedge Funds Weigh In On Healthpeak Properties

A number of institutional investors have recently added to or reduced their stakes in DOC. Mather Group LLC. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter worth $25,000. City Holding Co. purchased a new stake in shares of Healthpeak Properties in the third quarter valued at about $26,000. Brooklyn Investment Group increased its position in Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 873 shares during the last quarter. Rexford Capital Inc. purchased a new position in Healthpeak Properties during the second quarter worth about $28,000. Finally, Sound Income Strategies LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Down 1.0%

Shares of NYSE:DOC opened at $17.02 on Thursday. The business’s 50 day moving average price is $18.15 and its 200-day moving average price is $17.86. Healthpeak Properties has a 1 year low of $16.63 and a 1 year high of $21.83. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of -340.23, a price-to-earnings-growth ratio of 4.32 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Healthpeak Properties’s dividend payout ratio is -2,440.00%.

About Healthpeak Properties

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.