Robert W. Baird Cuts Healthpeak Properties (NYSE:DOC) Price Target to $24.00

Healthpeak Properties (NYSE:DOC) had its price objective lowered by Robert W. Baird from $25.00 to $24.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on DOC. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Mizuho decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.08.

Healthpeak Properties Stock Up 2.6 %

DOC opened at $19.98 on Tuesday. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26. The stock’s fifty day simple moving average is $20.43 and its 200 day simple moving average is $21.48. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. The stock has a market cap of $13.97 billion, a PE ratio of 57.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.11%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is 342.87%.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc grew its stake in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares during the period. Townsquare Capital LLC grew its stake in Healthpeak Properties by 5.9% during the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 584 shares during the period. Exchange Traded Concepts LLC grew its stake in Healthpeak Properties by 10.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 598 shares during the period. Huntington National Bank grew its stake in Healthpeak Properties by 3.0% during the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 613 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Healthpeak Properties by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 700 shares during the period. 93.57% of the stock is currently owned by 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.