Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report) has been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $22.10.
DOC has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Raymond James Financial started coverage on shares of Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating for the company. Mizuho increased their price target on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lifted their target price on Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Cantor Fitzgerald increased their target price on Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th.
Get Our Latest Research Report on DOC
Healthpeak Properties Price Performance
Healthpeak Properties (NYSE:DOC – Get Free Report) last released its earnings results 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 company had revenue of $771.58 million for the quarter, compared to analyst estimates of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Sell-side analysts forecast that Healthpeak Properties will post 1.77 EPS for the current fiscal year.
Healthpeak Properties Announces Dividend
The firm also recently disclosed 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. The ex-dividend date is Friday, December 18th. This represents a $1.22 annualized dividend and a yield of 6.3%. Healthpeak Properties’s dividend payout ratio (DPR) is 348.57%.
Institutional Investors Weigh In On Healthpeak Properties
Several large investors have recently added to or reduced their stakes in the stock. Parrish Capital LLC raised its holdings in Healthpeak Properties by 7.0% during the 3rd quarter. Parrish Capital LLC now owns 42,626 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 2,790 shares during the period. Cim Investment Management Inc. bought a new position in Healthpeak Properties in the 2nd quarter valued at $788,000. Envestnet Portfolio Solutions Inc. increased its stake in Healthpeak Properties by 128.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 71,735 shares of the real estate investment trust’s stock worth $1,535,000 after purchasing an additional 40,312 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of 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 purchasing an additional 3,530,429 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Healthpeak Properties by 92.3% during the second quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock worth $1,995,928,000 after purchasing an additional 44,767,085 shares during the last quarter. 93.57% of the stock is owned by institutional investors.
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.
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