Analysts Set Healthpeak Properties, Inc. (NYSE:DOC) Target Price at $23.27

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $23.27.

DOC has been the subject of a number of analyst reports. Wells Fargo & Company reduced 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 report on Monday, June 2nd. Scotiabank cut their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Evercore ISI lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Argus reissued a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Wedbush decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.25 during mid-day trading on Monday, reaching $17.97. The stock had a trading volume of 6,443,199 shares, compared to its average volume of 5,740,650. Healthpeak Properties has a one year low of $16.64 and a one year high of $23.26. The firm has a market cap of $12.48 billion, a PE ratio of 44.93, a P/E/G ratio of 2.08 and a beta of 1.03. The firm's 50 day simple moving average is $17.42 and its 200 day simple moving average is $19.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

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

Healthpeak Properties Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were given a $0.1017 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties's payout ratio is 305.00%.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of Healthpeak Properties stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the transaction, the chief executive officer owned 204,613 shares in the company, valued at $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. Over the last quarter, insiders have acquired 29,764 shares of company stock worth $521,909. Insiders own 0.23% of the company's stock.

Institutional Trading of Healthpeak Properties

Hedge funds have recently modified their holdings of the stock. TCTC Holdings LLC lifted its holdings in Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after buying an additional 751 shares in the last quarter. Brooklyn Investment Group raised its position in shares of 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 last quarter. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the fourth quarter valued at about $30,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Healthpeak Properties during the first quarter worth 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.