Healthpeak Properties (NYSE:DOC) Sets New 52-Week Low – Here’s What Happened

Shares of Healthpeak Properties, Inc. (NYSE:DOC) reached a new 52-week low on Monday . The company traded as low as $17.56 and last traded at $17.68, with a volume of 499850 shares. The stock had previously closed at $18.43.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOC. Scotiabank cut their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Robert W. Baird decreased their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $23.83.

Healthpeak Properties Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $21.00. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 51.80, a P/E/G ratio of 2.17 and a beta of 1.02.

Healthpeak Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.73%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 348.57%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth $226,000. Benjamin Edwards Inc. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at $607,000. Hilltop Holdings Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $321,000. HighTower Advisors LLC purchased a new position in Healthpeak Properties in the 3rd quarter worth about $4,141,000. Finally, Janus Henderson Group PLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $1,779,000. 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.