Healthpeak Properties (NYSE:DOC) Price Target Raised to $25.00

Healthpeak Properties (NYSE:DOC) had its target price lifted by Robert W. Baird from $24.00 to $25.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on DOC. Scotiabank lifted their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Citigroup boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Royal Bank of Canada boosted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Evercore ISI increased their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Stock Performance

Shares of DOC opened at $21.99 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 0.70. The firm’s 50 day moving average is $22.30 and its 200-day moving average is $20.79. Healthpeak Properties has a 12-month low of $15.44 and a 12-month high of $23.26. The stock has a market capitalization of $15.37 billion, a P/E ratio of 46.78, a P/E/G ratio of 2.53 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities research analysts anticipate that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

A number of large investors have recently bought and sold shares of the business. Atria Investments Inc acquired a new position in Healthpeak Properties during the 3rd quarter worth $1,023,000. Oxbow Advisors LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $8,575,000. Tompkins Financial Corp acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $114,000. Verdence Capital Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at about $364,000. Finally, Capital Performance Advisors LLP bought a new stake in Healthpeak Properties in the third quarter valued at about $42,000. 93.57% of the stock is currently owned by institutional investors.

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.