Healthpeak Properties (NYSE:DOC) Upgraded to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Healthpeak Properties (NYSE:DOC) from an equal weight rating to an overweight rating in a research note published on Wednesday, Marketbeat.com reports. They currently have $25.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Mizuho lowered their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, Robert W. Baird lifted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.15.

Healthpeak Properties Stock Up 0.8 %

Shares of DOC opened at $20.31 on Wednesday. Healthpeak Properties has a 52-week low of $16.01 and a 52-week high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $20.98 and a two-hundred day simple moving average of $21.48. The company has a market capitalization of $14.21 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities analysts forecast that Healthpeak Properties will post 1.81 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.30 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.91%. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

Institutional Trading of Healthpeak Properties

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc grew its stake in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares in the last quarter. Mirador Capital Partners LP grew its position in shares of Healthpeak Properties by 2.8% during the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after buying an additional 901 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Healthpeak Properties during the third quarter worth about $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $26,000. Finally, Harbor Capital Advisors Inc. raised its holdings in Healthpeak Properties by 5.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 1,186 shares in the last quarter. 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.