Analysts Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $21.70

Key Points

• Healthpeak Properties, Inc. (NYSE:DOC) has received a consensus rating of "Moderate Buy" from ten analysts, with seven buy ratings and three hold ratings.
• The company's average target price among analysts is $21.70, while its stock recently opened at $17.67, reflecting a slight decrease of 0.5%.
• Healthpeak Properties announced a dividend of $0.1017 per share, yielding 705.0%, scheduled for payment to stockholders on August 29th.

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.50.

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $18.00 price objective (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Morgan Stanley cut their price target on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th.

Healthpeak Properties Stock Performance

DOC traded down $0.01 on Tuesday, reaching $17.85. 1,931,009 shares of the stock were exchanged, compared to its average volume of 6,069,408. The company's 50-day moving average price is $17.68 and its 200 day moving average price is $18.32. The firm has a market capitalization of $12.40 billion, a PE ratio of 74.36, a PEG ratio of 2.30 and a beta of 1.05. Healthpeak Properties has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The company's revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts forecast that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Monday, August 18th. Healthpeak Properties's dividend payout ratio is 508.33%.

Insider Buying and Selling

In other news, CEO Scott M. Brinker purchased 2,930 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 8,783 shares of company stock worth $150,129 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthpeak Properties

Several large investors have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC lifted its position in Healthpeak Properties by 2.4% in the second quarter. Fifth Third Wealth Advisors LLC now owns 22,811 shares of the real estate investment trust's stock valued at $399,000 after purchasing an additional 543 shares during the period. Parallel Advisors LLC lifted its position in Healthpeak Properties by 4.2% in the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 561 shares during the period. Applied Finance Capital Management LLC lifted its position in Healthpeak Properties by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 577 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 666 shares during the period. Finally, LRI Investments LLC lifted its position in Healthpeak Properties by 18.4% in the second quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 697 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

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.