Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.41.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Argus upgraded Healthpeak Properties to a “strong-buy” rating in a research report on Thursday, May 9th. Bank of America raised Healthpeak Properties from an “underperform” rating to a “buy” rating and lifted their target price for the company from $18.00 to $25.00 in a research note on Monday, April 1st. Wells Fargo & Company started coverage on Healthpeak Properties in a research note on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Healthpeak Properties during the 4th quarter worth about $34,883,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Healthpeak Properties by 24.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 217,420 shares of the real estate investment trust’s stock worth $2,894,000 after buying an additional 42,030 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $892,000. AGF Management Ltd. boosted its holdings in Healthpeak Properties by 28.7% during the 4th quarter. AGF Management Ltd. now owns 286,381 shares of the real estate investment trust’s stock valued at $3,812,000 after acquiring an additional 63,896 shares during the period. Finally, APG Asset Management US Inc. bought a new position in Healthpeak Properties in the 4th quarter valued at $1,450,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

DOC opened at $19.48 on Thursday. The firm has a market cap of $13.71 billion, a P/E ratio of 55.66, a PEG ratio of 2.45 and a beta of 1.11. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38. The company has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $16.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.69.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.16%. The ex-dividend date was Friday, May 3rd. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

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.