Healthpeak Properties (NYSE:DOC) Stock Dropped to “Sell” by Wall Street Zen

Wall Street Zen downgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also issued reports on DOC. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Cantor Fitzgerald lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Citigroup increased their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, 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. Four research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and a consensus target price of $21.47.

Healthpeak Properties Price Performance

NYSE DOC opened at $20.30 on Friday. The business’s fifty day moving average is $19.74 and its 200 day moving average is $19.20. Healthpeak Properties has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.02 and a current ratio of 1.29. The company has a market capitalization of $13.99 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41). Healthpeak Properties had a return on equity of 4.04% and a net margin of 12.32%. The company had revenue of $820.89 million during the quarter, compared to analysts’ expectations of $739.18 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties will post 1.77 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.0%. Healthpeak Properties’s dividend payout ratio is 225.93%.

Institutional Trading of Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $27,000. Clearstead Trust LLC raised its position in shares of Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 543 shares during the last quarter. Security National Bank of SO Dak purchased a new position in shares of Healthpeak Properties in the second quarter worth $32,000. Latitude Advisors LLC purchased a new position in shares of Healthpeak Properties in the third quarter worth $34,000. Finally, Markowski Investments bought a new position in shares of Healthpeak Properties during the second quarter worth $38,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities.

The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.

Based in Denver, Colorado, Healthpeak traces its history to a healthcare property company founded in 1985.