Healthpeak Properties (NYSE:DOC) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research report report published on Wednesday morning.

DOC has been the topic of several other research reports. Wedbush raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Scotiabank raised their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Finally, Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $22.79.

Healthpeak Properties Stock Performance

DOC stock opened at $21.99 on Wednesday. The stock’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $20.79. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.93. Healthpeak Properties has a 12-month low of $15.44 and a 12-month high of $23.26. The stock has a market capitalization of $15.37 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, research analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 255.32%.

Institutional Investors Weigh In On Healthpeak Properties

A number of hedge funds have recently bought and sold shares of the business. Atria Investments Inc purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $1,023,000. Oxbow Advisors LLC bought a new stake in Healthpeak Properties in the third quarter worth about $8,575,000. Tompkins Financial Corp purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $114,000. Verdence Capital Advisors LLC bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $364,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $42,000. 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.