Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Target Price at $18.04

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.0417.

Several analysts recently weighed in on the company. Evercore dropped their price objective on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. UBS Group began coverage on Healthpeak Properties in a research note on Monday, April 20th. They set a “neutral” rating and a $17.00 target price for the company. Citigroup reduced their price target on shares of Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Finally, Robert W. Baird decreased their price target on shares of Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, April 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DOC. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Healthpeak Properties by 61.2% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 68,280 shares of the real estate investment trust’s stock valued at $1,122,000 after acquiring an additional 25,935 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Healthpeak Properties by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,583,736 shares of the real estate investment trust’s stock worth $173,896,000 after acquiring an additional 290,589 shares during the last quarter. Parallel Advisors LLC increased its holdings in Healthpeak Properties by 35.6% in the 1st quarter. Parallel Advisors LLC now owns 12,418 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 3,257 shares in the last quarter. KBC Group NV increased its holdings in Healthpeak Properties by 23.5% in the 1st quarter. KBC Group NV now owns 128,403 shares of the real estate investment trust’s stock worth $2,110,000 after purchasing an additional 24,426 shares in the last quarter. Finally, SEB Asset Management AB bought a new position in Healthpeak Properties in the first quarter valued at about $2,488,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $19.65 on Friday. Healthpeak Properties has a 1 year low of $15.70 and a 1 year high of $19.68. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 61.40, a price-to-earnings-growth ratio of 2.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.82. The company’s 50 day simple moving average is $17.02 and its 200 day simple moving average is $17.16.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, research analysts predict that Healthpeak Properties will post 1.74 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be given a $0.1017 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 381.25%.

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.