StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

StockNews.com lowered shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Several other analysts have also recently issued reports on the stock. Wedbush increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, Scotiabank upped their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $22.79.

Healthpeak Properties Trading Down 2.1 %

NYSE DOC opened at $21.98 on Wednesday. The firm’s 50-day moving average is $22.30 and its two-hundred day moving average is $20.81. Healthpeak Properties has a 12 month low of $15.44 and a 12 month high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a market capitalization of $15.37 billion, a P/E ratio of 46.77, a PEG ratio of 2.50 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.46%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc purchased a new position in Healthpeak Properties in the third quarter valued at approximately $1,023,000. Oxbow Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter worth approximately $8,575,000. Tompkins Financial Corp purchased a new position in shares of Healthpeak Properties during the third quarter worth approximately $114,000. Verdence Capital Advisors LLC purchased a new position in shares of Healthpeak Properties during the third quarter worth approximately $364,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Healthpeak Properties during the third quarter worth approximately $42,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

About Healthpeak Properties

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.