Healthpeak Properties (NYSE:DOC) Price Target Raised to $24.00

Healthpeak Properties (NYSE:DOC) had its target price raised by Royal Bank Of Canada from $21.00 to $24.00 in a report published on Monday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also commented on DOC. JPMorgan Chase & Co. upped their price target on shares of Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Morgan Stanley restated an “equal weight” rating and set a $22.00 target price (up from $20.00) on shares of Healthpeak Properties in a research report on Thursday, June 11th. Cantor Fitzgerald upped their target price on shares of Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Barclays assumed coverage on shares of Healthpeak Properties in a research report on Tuesday, July 7th. They issued an “equal weight” rating and a $23.00 price target on the stock. Finally, 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 note on Monday, May 11th. Four analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Hold” and an average target price of $21.26.

Healthpeak Properties Stock Performance

DOC stock opened at $20.63 on Monday. The stock’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $18.87. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. Healthpeak Properties has a 12-month low of $15.70 and a 12-month high of $22.95. The stock has a market capitalization of $14.23 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 3.15 and a beta of 1.01.

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

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, September 14th. Healthpeak Properties’s payout ratio is currently 348.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DOC. New York Life Investment Management LLC lifted its position in shares of Healthpeak Properties by 65.8% during the fourth quarter. New York Life Investment Management LLC now owns 156,086 shares of the real estate investment trust’s stock worth $2,510,000 after purchasing an additional 61,952 shares in the last quarter. Baillie Gifford & Co. increased its stake in Healthpeak Properties by 613.2% during the 4th quarter. Baillie Gifford & Co. now owns 367,256 shares of the real estate investment trust’s stock worth $5,905,000 after buying an additional 315,763 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Healthpeak Properties by 176.0% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 320,040 shares of the real estate investment trust’s stock worth $5,146,000 after buying an additional 204,100 shares during the period. Swedbank AB lifted its holdings in Healthpeak Properties by 433.4% during the 4th quarter. Swedbank AB now owns 849,215 shares of the real estate investment trust’s stock worth $13,655,000 after buying an additional 690,000 shares in the last quarter. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in Healthpeak Properties during the 4th quarter worth approximately $2,654,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

About Healthpeak Properties

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.