Healthpeak Properties (NYSE:DOC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Healthpeak Properties, Inc. (NYSE:DOC) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $19.11 and traded as low as $18.84. Healthpeak Properties shares last traded at $19.0250, with a volume of 5,132,329 shares changing hands.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Weiss Ratings lowered Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Citigroup boosted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Mizuho raised their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Hold” and an average price target of $21.60.

Healthpeak Properties Trading Down 1.7%

The firm’s 50-day moving average price is $20.02 and its two-hundred day moving average price is $19.11.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Analysts anticipate that Healthpeak Properties, Inc. will post 1.77 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, December 18th.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Healthpeak Properties by 92.3% in the 2nd quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock valued at $1,995,928,000 after buying an additional 44,767,085 shares in the last quarter. Bank of America Corp DE bought a new stake in Healthpeak Properties in the second quarter valued at $234,600,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Healthpeak Properties by 20,832.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,217,474 shares of the real estate investment trust’s stock valued at $133,054,000 after acquiring an additional 6,187,772 shares during the period. Bank of New York Mellon Corp grew its position in Healthpeak Properties by 60.3% in the first quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock valued at $253,949,000 after acquiring an additional 5,815,189 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Healthpeak Properties by 83.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock worth $166,095,000 after acquiring an additional 3,530,429 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.