Evercore ISI Boosts Healthpeak Properties (NYSE:DOC) Price Target to $25.00

Healthpeak Properties (NYSE:DOC) had its price target hoisted by Evercore ISI from $24.00 to $25.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on DOC. Scotiabank upped their target price on Healthpeak Properties from $22.00 to $23.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. Wells Fargo & Company raised Healthpeak Properties to a hold rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on Healthpeak Properties from $19.00 to $21.00 and gave the stock a neutral rating in a report on Thursday, May 16th. StockNews.com downgraded shares of Healthpeak Properties from a hold rating to a sell rating in a report on Wednesday, August 21st. Finally, Wedbush lifted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $21.67.

Healthpeak Properties Stock Up 0.7 %

DOC opened at $22.28 on Wednesday. The stock’s 50 day moving average price is $20.99 and its 200 day moving average price is $18.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market cap of $15.68 billion, a P/E ratio of 63.66, a P/E/G ratio of 2.71 and a beta of 1.11. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $22.67.

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

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 5.39%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Amalgamated Bank boosted its position in Healthpeak Properties by 0.6% during the 4th quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock worth $1,821,000 after acquiring an additional 854 shares during the period. Retirement Systems of Alabama grew its position in Healthpeak Properties by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 298,692 shares of the real estate investment trust’s stock valued at $3,976,000 after purchasing an additional 956 shares in the last quarter. Mckinley Capital Management LLC increased its stake in Healthpeak Properties by 2.8% in the 4th quarter. Mckinley Capital Management LLC now owns 41,458 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 1,114 shares during the period. Blankinship & Foster LLC lifted its position in Healthpeak Properties by 14.1% in the 4th quarter. Blankinship & Foster LLC now owns 14,292 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 1,766 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Healthpeak Properties by 4.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 58,395 shares of the real estate investment trust’s stock valued at $777,000 after buying an additional 2,625 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

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.