Healthpeak Properties (NYSE:DOC) Reaches New 1-Year High After Analyst Upgrade

Healthpeak Properties, Inc. (NYSE:DOC) shares hit a new 52-week high during mid-day trading on Monday after Evercore ISI raised their price target on the stock from $25.00 to $26.00. Evercore ISI currently has an outperform rating on the stock. Healthpeak Properties traded as high as $22.79 and last traded at $22.65, with a volume of 144134 shares traded. The stock had previously closed at $22.58.

Other research analysts also recently issued research reports about the company. Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Wells Fargo & Company upgraded shares of Healthpeak Properties to a “hold” rating in a report on Monday, August 12th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Citigroup upped their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada 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 Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DOC. Norges Bank purchased a new stake in Healthpeak Properties in the 4th quarter worth approximately $34,883,000. Vanguard Personalized Indexing Management LLC bought a new stake in Healthpeak Properties in the fourth quarter valued at $892,000. APG Asset Management US Inc. bought a new stake in Healthpeak Properties in the fourth quarter valued at $1,450,000. Gillson Capital LP purchased a new position in Healthpeak Properties during the 4th quarter valued at $1,261,000. Finally, Cibc World Markets Corp bought a new position in Healthpeak Properties in the 4th quarter worth $1,066,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Down 2.1 %

The company’s fifty day simple moving average is $21.64 and its 200 day simple moving average is $19.81. The firm has a market capitalization of $15.44 billion, a P/E ratio of 62.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 27.5% on a year-over-year basis. Research analysts expect that Healthpeak Properties, Inc. will post 1.8 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.47%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio is currently 342.86%.

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.