Healthpeak Properties (NYSE:DOC) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has reiterated its "hold" rating for Healthpeak Properties (NYSE:DOC) with a price target of $18.00, indicating a potential upside of 4.50% from its previous close.
• Recent ratings from other analysts include a downgrade from Wells Fargo, which reduced its price target to $20.00, while Argus maintained a "buy" rating with a higher price objective of $25.00.
• Healthpeak Properties reported quarterly earnings of $0.46 per share, matching analyst expectations, and had a revenue of $694.35 million, slightly below estimates.

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Healthpeak Properties (NYSE:DOC - Free Report) in a research report report published on Wednesday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a $18.00 price target on the real estate investment trust's stock, down from their previous price target of $28.00.

Several other analysts have also recently commented on DOC. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Argus reiterated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $21.00 to $19.00 in a report on Tuesday, July 29th. Finally, Evercore ISI decreased their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded down $0.0850 during midday trading on Wednesday, hitting $17.6650. 3,054,000 shares of the stock were exchanged, compared to its average volume of 6,066,168. The stock has a market cap of $12.28 billion, a P/E ratio of 73.61, a PEG ratio of 2.28 and a beta of 1.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties has a twelve month low of $16.63 and a twelve month high of $23.26. The company has a 50 day moving average price of $17.62 and a 200-day moving average price of $18.36.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The firm had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same period in the previous year, the firm posted $0.45 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, research analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 705.0%. The ex-dividend date is Monday, August 18th. Healthpeak Properties's dividend payout ratio is 508.33%.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties stock in a transaction dated Thursday, July 31st. The stock was bought at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $17.27 per share, with a total value of $99,768.79. Following the completion of the purchase, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,560 shares of company stock valued at $249,898. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Healthpeak Properties

Several large investors have recently added to or reduced their stakes in DOC. TCTC Holdings LLC lifted its stake 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 worth $27,000 after purchasing an additional 751 shares during the last quarter. Brooklyn Investment Group raised its stake 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 worth $27,000 after acquiring an additional 873 shares during the period. Rexford Capital Inc. acquired a new stake in Healthpeak Properties during the second quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties during the first quarter worth about $30,000. Finally, S.A. Mason LLC raised its stake in Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares during the period. 93.57% of the stock is currently owned by institutional investors.

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.