Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report)’s share price reached a new 52-week high on Wednesday after Royal Bank of Canada raised their price target on the stock from $22.00 to $25.00. Royal Bank of Canada currently has an outperform rating on the stock. Healthpeak Properties traded as high as $22.15 and last traded at $22.11, with a volume of 969387 shares trading hands. The stock had previously closed at $21.84.
Other research analysts also recently issued reports about the company. Scotiabank raised their price target on Healthpeak Properties from $22.00 to $23.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Wedbush raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Friday, April 26th. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.64.
Check Out Our Latest Report on DOC
Hedge Funds Weigh In On Healthpeak Properties
Healthpeak Properties Price Performance
The company has a fifty day simple moving average of $19.89 and a two-hundred day simple moving average of $17.37. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 2.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.70.
Healthpeak Properties (NYSE:DOC – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.79 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend is Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.87%.
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.
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