Healthpeak Properties, Inc. (NYSE:DOC) Receives $21.33 Consensus Target Price from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.3333.

A number of research firms have recently commented on DOC. Cantor Fitzgerald began coverage on shares of Healthpeak Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target on the stock. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Monday, September 15th. Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a report on Monday, September 15th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 2,930 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 8,783 shares of company stock worth $150,129 over the last three months. 0.23% of the stock is owned by insiders.

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOC. Mather Group LLC. purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $25,000. TCTC Holdings LLC increased its holdings in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 751 shares during the last quarter. Brooklyn Investment Group increased its holdings in 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 last quarter. Rexford Capital Inc. purchased a new stake in Healthpeak Properties during the second quarter valued at approximately $28,000. Finally, Sound Income Strategies LLC purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $28,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

DOC stock opened at $18.59 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 77.46, a PEG ratio of 3.20 and a beta of 1.09. Healthpeak Properties has a 52-week low of $16.63 and a 52-week high of $23.26. The firm has a 50 day moving average price of $18.23 and a 200-day moving average price of $17.90.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million for the quarter, compared to analysts’ expectations of $697.14 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’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. Equities research analysts forecast that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, December 19th. Healthpeak Properties’s payout ratio is presently 508.33%.

About Healthpeak Properties

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.