Healthpeak Properties (NYSE:DOC) Hits New 12-Month Low - What's Next?

Key Points

• Healthpeak Properties' stock reached a new 52-week low, trading at $16.63, indicating ongoing challenges for the company as analysts lower their ratings and price targets.
• The company recently declared a monthly dividend of $0.1017 per share, with a yield of 7.3%, despite a high payout ratio of 508.33%.
• Analysts currently have a consensus rating of "Moderate Buy" for Healthpeak Properties, with an average price target of $23.00, although sentiment has recently shifted negatively among some firms.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $16.63 and last traded at $16.74, with a volume of 467564 shares. The stock had previously closed at $16.77.

Wall Street Analyst Weigh In

A number of analysts have commented on DOC shares. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. 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 report on Monday, April 28th. Finally, Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Healthpeak Properties Trading Down 0.6%

The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The company has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $18.56. The firm has a market cap of $11.59 billion, a PE ratio of 69.44, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The firm had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. During the same period last year, the firm earned $0.45 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. Analysts expect that Healthpeak Properties, Inc. 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 Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's payout ratio is presently 508.33%.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 1,490 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the purchase, the chief executive officer directly owned 211,906 shares of the company's stock, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average price of $17.27 per share, with a total value of $99,768.79. Following the purchase, the director directly owned 144,290 shares of the company's stock, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 14,560 shares of company stock worth $249,898. Corporate insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOC. TCTC Holdings LLC boosted its stake in shares of 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 acquiring an additional 751 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Healthpeak Properties by 198.9% during the 1st 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 in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC boosted its stake in shares of Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. 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.

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