Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Recommendation of “Moderate Buy” from Analysts

Healthpeak Properties, Inc. (NYSE:DOC) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.08.

Several brokerages have recently issued reports on DOC. Morgan Stanley upgraded 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 lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho dropped their target price 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. Robert W. Baird reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Monday, October 21st.

Healthpeak Properties Stock Up 2.6 %

Shares of NYSE DOC opened at $19.98 on Friday. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 2.18 and a beta of 1.15. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. Healthpeak Properties has a 12 month low of $16.01 and a 12 month high of $23.26. The stock has a 50-day moving average price of $20.43 and a two-hundred day moving average price of $21.48.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 6.11%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOC. State Street Corp acquired a new position in shares of Healthpeak Properties during the third quarter worth approximately $1,093,576,000. JPMorgan Chase & Co. increased its stake in Healthpeak Properties by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC raised its holdings in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after buying an additional 638,012 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after buying an additional 17,314,572 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in shares of Healthpeak Properties by 3.7% during the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after buying an additional 398,770 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

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.