Healthpeak Properties, Inc. (NYSE:DOC) Receives $23.92 Average Price Target from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.83.

Several brokerages have commented on DOC. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 22nd. Wedbush cut their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, Scotiabank decreased their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th.

Institutional Trading of Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp acquired a new position in shares of Healthpeak Properties during the 3rd quarter worth about $1,093,576,000. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC raised its stake in Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock valued at $371,168,000 after buying an additional 638,012 shares during the period. Principal Financial Group Inc. raised its stake in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after buying an additional 17,314,572 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock valued at $350,021,000 after buying an additional 1,651,235 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Down 5.3 %

NYSE DOC opened at $18.42 on Friday. Healthpeak Properties has a one year low of $17.80 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $12.89 billion, a P/E ratio of 52.63, a P/E/G ratio of 2.17 and a beta of 1.14. The stock’s 50-day moving average is $20.11 and its 200-day moving average is $21.02.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.62%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 348.57%.

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.