Healthpeak Properties, Inc. (NYSE:DOC) Receives $23.27 Consensus Target Price from Analysts

Shares of Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.27.

A number of equities analysts recently weighed in on DOC shares. Wedbush reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday. Evercore ISI reduced their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company reduced their target price 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. Finally, Robert W. Baird reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th.

Healthpeak Properties Trading Up 1.2%

Shares of DOC stock traded up $0.22 on Monday, hitting $18.20. The stock had a trading volume of 5,116,583 shares, compared to its average volume of 5,335,461. Healthpeak Properties has a twelve month low of $16.64 and a twelve month high of $23.26. The firm has a market cap of $12.64 billion, a P/E ratio of 45.50, a PEG ratio of 2.08 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $19.00.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the previous year, the business earned $0.45 EPS. The firm's revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.22 annualized dividend and a yield of 6.70%. Healthpeak Properties's dividend payout ratio (DPR) is presently 305.00%.

Insiders Place Their Bets

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the business's stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the transaction, the director directly owned 813,566 shares of the company's stock, valued at $14,514,017.44. This represents a 0.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of the business's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the transaction, the chief executive officer directly owned 204,613 shares in the company, valued at approximately $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 29,764 shares of company stock valued at $521,909 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 873 shares during the period. TCTC Holdings LLC increased its holdings in shares of 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 period. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $30,000. Finally, Future Financial Wealth Managment LLC bought a new position in Healthpeak Properties in the first quarter valued at approximately $30,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Company Profile

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.