Analysts Set Healthpeak Properties, Inc. (NYSE:DOC) Target Price at $23.92

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $23.83.

Several brokerages have recently issued reports on DOC. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Wedbush dropped their price target on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th.

Healthpeak Properties Trading Up 0.2 %

Shares of NYSE DOC opened at $20.23 on Friday. Healthpeak Properties has a 12-month low of $17.80 and a 12-month high of $23.26. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 57.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $21.08.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 14th. This represents a $1.22 annualized dividend and a dividend yield of 6.03%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties in the 4th quarter worth $30,000. Groupama Asset Managment acquired a new stake in shares of Healthpeak Properties during the third quarter worth $37,000. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $44,000. 93.57% of the stock is currently 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.