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

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.83.

DOC has been the subject of a number of analyst reports. Wedbush dropped their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $20.07 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 57.34, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties has a twelve month low of $17.80 and a twelve month high of $23.26. The company has a 50-day simple moving average of $20.18 and a two-hundred day simple moving average of $21.05.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.305 per share. The ex-dividend date was Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.08%. Healthpeak Properties’s dividend payout ratio is 348.57%.

Institutional Investors Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of DOC. Thrivent Financial for Lutherans acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $1,880,000. Cerity Partners LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth approximately $5,051,000. Loomis Sayles & Co. L P bought a new stake in Healthpeak Properties during the 3rd quarter worth approximately $70,000. Brown Brothers Harriman & Co. acquired a new position in Healthpeak Properties in the 3rd quarter valued at approximately $88,000. Finally, Private Trust Co. NA bought a new position in shares of Healthpeak Properties during the third quarter valued at $196,000. Institutional investors own 93.57% of the company’s stock.

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.