Healthpeak Properties (NYSE:DOC) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a report issued on Thursday.

DOC has been the topic of a number of other reports. Wedbush raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Monday, July 29th. Mizuho reaffirmed a buy rating and set a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on Healthpeak Properties from $19.00 to $21.00 and gave the company a neutral rating in a research report on Thursday, May 16th. Evercore ISI raised shares of Healthpeak Properties to a strong-buy rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties has an average rating of Moderate Buy and an average target price of $20.64.

Healthpeak Properties Stock Performance

DOC stock opened at $21.54 on Thursday. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.19. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.91. The firm has a market cap of $15.06 billion, a PE ratio of 61.54, a P/E/G ratio of 2.71 and a beta of 1.11. The business’s 50-day moving average price is $20.04 and its two-hundred day moving average price is $17.55.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, research analysts forecast that Healthpeak Properties will post 1.79 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.57%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.87%.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Healthpeak Properties by 180.7% during the 4th quarter. Pacer Advisors Inc. now owns 56,017 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 36,061 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Healthpeak Properties by 11.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 646,048 shares of the real estate investment trust’s stock valued at $8,767,000 after purchasing an additional 63,915 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Healthpeak Properties by 1,231.0% in the fourth quarter. International Assets Investment Management LLC now owns 12,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 11,214 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $134,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Healthpeak Properties by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 718,928 shares of the real estate investment trust’s stock worth $9,569,000 after buying an additional 15,053 shares during the last quarter. Institutional investors and hedge funds 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.