Healthpeak Properties (NYSE:DOC) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Healthpeak Properties (NYSE:DOC) in a research note published on Wednesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a $18.00 price target on the real estate investment trust’s stock, down from their previous price target of $28.00.

Several other brokerages have also issued reports on DOC. Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wedbush lowered their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Evercore ISI lowered their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Argus reaffirmed a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.09.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $17.2260 on Wednesday. The firm has a market capitalization of $11.97 billion, a P/E ratio of 71.78, a P/E/G ratio of 2.20 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $17.62 and its two-hundred day simple moving average is $18.42. Healthpeak Properties has a twelve month low of $16.63 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The firm had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same quarter last year, the company posted $0.45 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities analysts anticipate that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a $0.1017 dividend. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 705.0%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other news, Director Tommy G. Thompson purchased 5,777 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $17.27 per share, with a total value of $99,768.79. Following the acquisition, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott M. Brinker acquired 2,930 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the transaction, the chief executive officer directly owned 210,416 shares of the company’s stock, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 14,560 shares of company stock worth $249,898. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. TCTC Holdings LLC raised its position in Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 751 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Healthpeak Properties by 198.9% during the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 873 shares during the period. Rexford Capital Inc. bought a new position in shares of Healthpeak Properties during the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in Healthpeak Properties in the first quarter worth $30,000. Finally, S.A. Mason LLC boosted its holdings in Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 925 shares in the last quarter. 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.