Short Interest in Healthpeak Properties, Inc. (NYSE:DOC) Rises By 7.8%

Healthpeak Properties, Inc. (NYSE:DOC) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 10,250,000 shares, an increase of 7.8% from the September 30th total of 9,510,000 shares. Based on an average daily trading volume, of 4,800,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DOC. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus target price of $22.79.

Institutional Investors Weigh In On Healthpeak Properties

A number of large investors have recently made changes to their positions in DOC. abrdn plc acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $62,670,000. Douglas Lane & Associates LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $33,212,000. Asset Management One Co. Ltd. acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $29,934,000. Finally, Raymond James & Associates acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth $25,711,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.20 during trading on Friday, reaching $22.25. The company had a trading volume of 2,417,919 shares, compared to its average volume of 5,711,044. Healthpeak Properties has a twelve month low of $15.44 and a twelve month high of $23.26. The firm has a market capitalization of $15.56 billion, a PE ratio of 47.77, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. The firm’s fifty day moving average is $22.31 and its 200 day moving average is $20.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.31.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, equities analysts forecast that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.39%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

About Healthpeak Properties

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.