Healthpeak Properties (NYSE:DOC) Sets New 1-Year Low – Should You Sell?

Healthpeak Properties, Inc. (NYSE:DOC) shares reached a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

DOC has been the topic of several research reports. Scotiabank cut their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Morgan Stanley raised 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 research report on Wednesday, January 15th. Wedbush reduced their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price 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. Finally, 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 research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Healthpeak Properties Stock Performance

The company’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 price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.73%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s payout ratio is 348.57%.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $226,000. Benjamin Edwards Inc. acquired a new position in Healthpeak Properties in the third quarter valued at approximately $607,000. Hilltop Holdings Inc. bought a new position in shares of Healthpeak Properties during the third quarter valued at approximately $321,000. HighTower Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth approximately $4,141,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $1,779,000. Institutional investors and hedge funds 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.