Healthpeak Properties (NYSE:DOC) Issues Earnings Results

Healthpeak Properties (NYSE:DOC – Get Free Report) released its earnings results on Monday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01, Zacks reports. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%. The company had revenue of $820.89 million for the quarter, compared to analysts’ expectations of $739.18 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis.

Healthpeak Properties Price Performance

DOC stock opened at $19.54 on Tuesday. The stock’s 50 day moving average price is $19.86 and its 200 day moving average price is $19.15. The firm has a market cap of $13.47 billion, a P/E ratio of 10.08, a PEG ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. Healthpeak Properties has a 1 year low of $15.70 and a 1 year high of $22.95.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.22 dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DOC. Weiss Ratings cut shares of Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Jefferies Financial Group started coverage on shares of Healthpeak Properties in a research report on Tuesday, September 15th. They set a “hold” rating and a $21.00 target price on the stock. Robert W. Baird increased their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Barclays reduced their price target on shares of Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Hold” and a consensus price target of $21.60.

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About Healthpeak Properties

(Get Free Report)

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.

Further Reading

Earnings History for Healthpeak Properties (NYSE:DOC)

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