Healthpeak Properties (NYSE:DOC) Earns Equal Weight Rating from Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Healthpeak Properties (NYSE:DOC) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $23.00 price target on the real estate investment trust’s stock, up from their previous price target of $22.00.

Several other brokerages have also recently issued reports on DOC. Royal Bank of Canada raised their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a research report on Tuesday, July 30th. Wedbush lifted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research report on Monday, July 29th. Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a research report on Thursday, August 22nd. StockNews.com cut Healthpeak Properties from a hold rating to a sell rating in a research report on Thursday, September 26th. Finally, Scotiabank lifted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a sector outperform rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $22.17.

Healthpeak Properties Price Performance

DOC opened at $22.22 on Tuesday. The stock has a fifty day simple moving average of $22.05 and a two-hundred day simple moving average of $20.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a market cap of $15.63 billion, a price-to-earnings ratio of 63.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results 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). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. Healthpeak Properties’s revenue was up 27.5% compared to the same quarter last year. Research analysts predict that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.40%. Healthpeak Properties’s payout ratio is presently 342.86%.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gillson Capital LP bought a new position in Healthpeak Properties in the 4th quarter valued at $1,261,000. Cibc World Markets Corp bought a new position in Healthpeak Properties in the 4th quarter valued at $1,066,000. Novak & Powell Financial Services Inc. bought a new position in Healthpeak Properties in the 4th quarter valued at $206,000. UBS Group AG grew its position in Healthpeak Properties by 56.5% in the 4th quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock valued at $7,010,000 after acquiring an additional 190,186 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Healthpeak Properties by 8.2% in the 4th quarter. Bank of Nova Scotia now owns 34,923 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 2,654 shares during 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.