Healthpeak Properties (NYSE:DOC) Upgraded at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a report released on Tuesday morning.

Other research analysts also recently issued reports about the stock. Argus raised shares of Healthpeak Properties to a strong-buy rating in a research report on Thursday, May 9th. Wedbush upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a neutral rating in a research note on Thursday, May 16th. Evercore ISI upgraded shares of Healthpeak Properties to a strong-buy rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $20.64.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $21.59 on Tuesday. The firm’s 50 day simple moving average is $20.40 and its 200-day simple moving average is $18.02. The company has a market cap of $15.19 billion, a P/E ratio of 61.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.69. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.19.

Healthpeak Properties (NYSE:DOC) last released its 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). The firm had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, equities research analysts predict that Healthpeak Properties will post 1.79 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Monday, August 5th. Healthpeak Properties’s dividend payout ratio is 342.86%.

Institutional Trading of Healthpeak Properties

Several large investors have recently modified their holdings of DOC. International Assets Investment Management LLC boosted its holdings in shares of Healthpeak Properties by 1,231.0% during the 4th quarter. International Assets Investment Management LLC now owns 12,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 11,214 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Healthpeak Properties during the 4th quarter worth $134,000. Sequoia Financial Advisors LLC bought a new stake in Healthpeak Properties in the 4th quarter valued at $268,000. Cerity Partners LLC bought a new stake in Healthpeak Properties in the 4th quarter valued at $265,000. Finally, Sapient Capital LLC bought a new stake in Healthpeak Properties in the 4th quarter valued at $152,000. 93.57% of the stock is owned by institutional investors.

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.