Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Rating of “Hold” from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received a consensus recommendation of “Hold” from the eighteen analysts that are covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.7188.

Several research firms recently weighed in on DOC. Wells Fargo & Company lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. BMO Capital Markets upped their price objective on Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. New York Life Investment Management LLC raised its holdings in shares of Healthpeak Properties by 65.8% during the 4th quarter. New York Life Investment Management LLC now owns 156,086 shares of the real estate investment trust’s stock worth $2,510,000 after buying an additional 61,952 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Healthpeak Properties by 176.0% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 320,040 shares of the real estate investment trust’s stock worth $5,146,000 after buying an additional 204,100 shares during the last quarter. Swedbank AB boosted its stake in Healthpeak Properties by 433.4% in the fourth quarter. Swedbank AB now owns 849,215 shares of the real estate investment trust’s stock valued at $13,655,000 after buying an additional 690,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Healthpeak Properties by 8.6% in the 4th quarter. JPMorgan Chase & Co. now owns 30,674,812 shares of the real estate investment trust’s stock valued at $493,251,000 after purchasing an additional 2,438,278 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. bought a new position in Healthpeak Properties in the 4th quarter valued at approximately $2,654,000. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Down 0.3%

DOC opened at $20.32 on Friday. The stock’s fifty day simple moving average is $21.42 and its 200 day simple moving average is $19.45. Healthpeak Properties has a 1-year low of $15.70 and a 1-year high of $22.95. The stock has a market cap of $14.01 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $771.58 million for the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, research analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s payout ratio is 348.57%.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. The company focuses primarily on outpatient medical buildings, which are leased to healthcare providers, physician groups and other medical users.

Healthpeak’s portfolio also includes life science and senior housing properties, although its business has increasingly centered on outpatient medical real estate. Its properties are generally located in established healthcare markets and are designed to support services such as physician offices, specialty care, diagnostics and ambulatory treatment.

The company was formerly known as HCP, Inc and adopted the Healthpeak Properties name in 2019.