Healthpeak Properties, Inc. (NYSE:DOC) Stock Has Consensus Price Target of $22.10

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.10.

Several brokerages have commented on DOC. Barclays boosted their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 31st. BMO Capital Markets increased their target price on shares of Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Royal Bank Of Canada boosted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Wells Fargo & Company upped 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. Finally, Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.49 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06. The company has a market cap of $13.44 billion, a P/E ratio of 55.70, a PEG ratio of 2.40 and a beta of 1.01. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95. The company has a 50-day moving average price of $20.88 and a 200 day moving average price of $19.75.

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

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 18th will be given a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s payout ratio is presently 348.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC lifted its stake in shares of Healthpeak Properties by 66.7% during the second quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 543 shares during the period. Security National Bank of SO Dak purchased a new stake in Healthpeak Properties in the 2nd quarter valued at about $32,000. Markowski Investments purchased a new stake in Healthpeak Properties in the 2nd quarter valued at about $38,000. Clearstead Advisors LLC increased its stake in shares of Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,216 shares during the last quarter. Finally, First Bancorp Inc ME acquired a new position in shares of Healthpeak Properties during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.