Healthpeak Properties (NYSE:DOC) Cut to "Sell" at StockNews.com

StockNews.com cut shares of Healthpeak Properties (NYSE:DOC - Free Report) from a hold rating to a sell rating in a report issued on Wednesday.

Several other research analysts have also recently weighed in on DOC. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Robert W. Baird lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Scotiabank cut their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Finally, Wedbush reissued an "outperform" rating and issued a $24.00 target price on shares of Healthpeak Properties in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.45.

Healthpeak Properties Stock Down 0.3 %

Shares of Healthpeak Properties stock traded down $0.06 during trading on Wednesday, hitting $17.77. The company's stock had a trading volume of 6,623,695 shares, compared to its average volume of 4,911,239. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company has a fifty day simple moving average of $19.53 and a two-hundred day simple moving average of $20.53. The company has a market capitalization of $12.43 billion, a PE ratio of 50.77, a P/E/G ratio of 2.17 and a beta of 1.02. Healthpeak Properties has a 52 week low of $17.33 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Equities research analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties's payout ratio is 305.00%.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker bought 11,337 shares of the firm's stock in a transaction on Monday, April 28th. The shares were bought at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. The trade was a 5.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Thomas bought 4,200 shares of the firm's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the purchase, the director now owns 813,566 shares in the company, valued at $14,514,017.44. This trade represents a 0.52 % increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Healthpeak Properties

Several institutional investors and hedge funds have recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $30,000. Future Financial Wealth Managment LLC bought a new stake in shares of Healthpeak Properties during the first quarter valued at approximately $30,000. S.A. Mason LLC raised its position in shares of 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 valued at $30,000 after buying an additional 925 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,152 shares during the last quarter. 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.