Healthpeak Properties (NYSE:DOC) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research report report published on Friday morning.

A number of other brokerages have also recently commented on DOC. Wedbush increased their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research report on Monday, July 29th. Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a sector outperform rating in a report on Monday, September 9th. Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a report on Thursday, August 22nd. Evercore ISI upped their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an outperform rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reissued an equal weight rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of Moderate Buy and a consensus price target of $22.17.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $21.67 on Friday. The firm has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $20.40. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $23.14.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business 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%. Healthpeak Properties’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, equities analysts predict that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.54%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DOC. Douglas Lane & Associates LLC purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $33,947,000. AMF Tjanstepension AB purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $15,548,000. Handelsbanken Fonder AB purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $11,668,000. Brookstone Capital Management purchased a new position in shares of Healthpeak Properties in the third quarter valued at approximately $11,018,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Healthpeak Properties in the second quarter valued at approximately $9,024,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.