StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

StockNews.com lowered shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company upgraded Healthpeak Properties to a hold rating in a report on Monday, August 12th. Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a sector outperform rating in a report on Monday, September 9th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a report on Tuesday, July 30th. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an outperform rating in a report on Monday, September 16th. Finally, Citigroup upped their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $21.83.

Healthpeak Properties Stock Up 0.4 %

NYSE DOC opened at $22.60 on Thursday. The stock has a fifty day moving average of $21.92 and a 200-day moving average of $20.07. The stock has a market capitalization of $15.91 billion, a P/E ratio of 64.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $23.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. On average, equities research analysts forecast that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.31%. Healthpeak Properties’s dividend payout ratio is currently 342.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Healthpeak Properties by 274.6% during the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties during the second quarter worth about $66,000. Point72 DIFC Ltd acquired a new position in shares of Healthpeak Properties during the second quarter worth about $161,000. Novak & Powell Financial Services Inc. acquired a new position in shares of Healthpeak Properties during the fourth quarter worth about $206,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Healthpeak Properties during the second quarter worth about $227,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Company Profile

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.