Healthpeak Properties, Inc. (NYSE:DOC) Receives $23.00 Consensus Price Target from Analysts

Key Points

• Healthpeak Properties, Inc. has received a consensus recommendation of "Moderate Buy" from eleven brokerage firms, with an average target price of $23.00 for the next year.
• The company reported earnings of $0.46 EPS for the last quarter, meeting analysts' expectations, but showed a 0.2% drop in year-over-year revenue.
• Healthpeak Properties announced a monthly dividend of $0.1017, representing an annual yield of 7.2%, with a high payout ratio at 508.33%.

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.00.

Several analysts have recently commented on the stock. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wedbush lowered their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th.

Healthpeak Properties Stock Up 0.6%

Shares of DOC stock traded up $0.11 on Friday, hitting $16.88. The stock had a trading volume of 2,709,178 shares, compared to its average volume of 5,971,462. The business has a 50 day moving average of $17.68 and a 200 day moving average of $18.72. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 70.23, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. 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 has a 12-month low of $16.64 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, analysts expect that Healthpeak Properties will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of the business's stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the transaction, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction on 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 transaction, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 23,010 shares of company stock valued at $396,673 in the last quarter. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Healthpeak Properties

A number of large investors have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its position in shares of Healthpeak Properties by 3.0% in the second quarter. Arkadios Wealth Advisors now owns 47,497 shares of the real estate investment trust's stock valued at $832,000 after acquiring an additional 1,396 shares during the period. Econ Financial Services Corp purchased a new stake in Healthpeak Properties in the second quarter valued at approximately $849,000. Motco raised its stake in Healthpeak Properties by 14.3% in the second quarter. Motco now owns 7,110 shares of the real estate investment trust's stock valued at $120,000 after purchasing an additional 890 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Healthpeak Properties by 10.3% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 83,180 shares of the real estate investment trust's stock valued at $1,456,000 after purchasing an additional 7,751 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Healthpeak Properties by 7.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 108,000 shares of the real estate investment trust's stock valued at $1,891,000 after purchasing an additional 7,300 shares in the last quarter. 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.