Wedbush Issues Pessimistic Forecast for Healthpeak Properties (NYSE:DOC) Stock Price

Healthpeak Properties (NYSE:DOC) had its target price cut by Wedbush from $27.00 to $24.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company cut 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. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Mizuho cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Trading Down 1.9 %

NYSE DOC opened at $19.57 on Friday. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 2.18 and a beta of 1.15. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The business has a 50 day moving average price of $20.36 and a 200-day moving average price of $21.46. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be given a $0.305 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.22 annualized dividend and a yield of 6.23%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. Healthpeak Properties’s payout ratio is currently 348.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Healthpeak Properties by 5.9% during the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 584 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Healthpeak Properties by 10.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 598 shares during the last quarter. Huntington National Bank lifted its position in shares of Healthpeak Properties by 3.0% during the 4th quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 613 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Healthpeak Properties by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.