Healthpeak Properties (NYSE:DOC) Sets New 1-Year Low on Analyst Downgrade

Healthpeak Properties, Inc. (NYSE:DOC) shares hit a new 52-week low during mid-day trading on Tuesday after Jefferies Financial Group downgraded the stock from a buy rating to a hold rating. Jefferies Financial Group now has a $17.00 price target on the stock, down from their previous price target of $21.00. Healthpeak Properties traded as low as $16.44 and last traded at $16.4350, with a volume of 1219587 shares changing hands. The stock had previously closed at $16.66.

DOC has been the topic of a number of other research reports. Cantor Fitzgerald began coverage on Healthpeak Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley lowered their price target on Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Evercore ISI lowered their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.18.

Institutional Trading of Healthpeak Properties

A number of hedge funds have recently added to or reduced their stakes in DOC. Mather Group LLC. purchased a new stake in Healthpeak Properties during the third quarter worth about $25,000. City Holding Co. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at approximately $26,000. Brooklyn Investment Group increased its stake in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 873 shares in the last quarter. Rexford Capital Inc. acquired a new position in Healthpeak Properties during the second quarter worth $28,000. Finally, Sound Income Strategies LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $28,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

The stock has a market capitalization of $11.42 billion, a PE ratio of -328.51, a P/E/G ratio of 4.21 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.22 and a current ratio of 1.22. The company’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $17.84.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 7.4%. Healthpeak Properties’s dividend payout ratio (DPR) is currently -2,440.00%.

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.