Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Up 9.2% in January

Healthpeak Properties, Inc. (NYSE:DOC) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 12,280,000 shares, an increase of 9.2% from the January 15th total of 11,250,000 shares. Based on an average daily volume of 4,860,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $25,000. S.A. Mason LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $26,000. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $33,000. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Wedbush cut their price target on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday. Robert W. Baird cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Mizuho cut their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Healthpeak Properties Price Performance

DOC stock traded down $0.39 during midday trading on Friday, hitting $19.57. The company’s stock had a trading volume of 4,495,661 shares, compared to its average volume of 4,675,860. Healthpeak Properties has a 12 month low of $16.01 and a 12 month high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 55.92, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company has a 50 day moving average of $20.36 and a two-hundred day moving average of $21.46.

Healthpeak Properties Increases Dividend

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