Healthpeak Properties (NYSE:DOC) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Healthpeak Properties (NYSE:DOC - Free Report) from a hold rating to a sell rating in a research note released on Monday.

Several other analysts also recently weighed in on DOC. Robert W. Baird lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Scotiabank cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company cut their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Argus restated a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Finally, Evercore ISI cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and an average price target of $23.27.

Healthpeak Properties Stock Up 1.5%

Healthpeak Properties stock traded up $0.28 during trading on Monday, reaching $18.54. 6,325,322 shares of the company's stock were exchanged, compared to its average volume of 5,359,315. The company's 50-day moving average is $17.46 and its two-hundred day moving average is $18.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties has a 52-week low of $16.64 and a 52-week high of $23.26. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 2.08 and a beta of 1.03.

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

Healthpeak Properties Announces Dividend

The business 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 $0.1017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.22 dividend on an annualized basis and a yield of 6.58%. Healthpeak Properties's payout ratio is 305.00%.

Insiders Place Their Bets

In related news, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the transaction, the director directly owned 144,290 shares in the company, valued at $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott M. Brinker purchased 2,750 shares of the business's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the acquisition, the chief executive officer directly owned 204,613 shares in the company, valued at $3,558,220.07. This represents a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 29,764 shares of company stock worth $521,909 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DOC. Jones Financial Companies Lllp grew its position in Healthpeak Properties by 21.5% in the 4th quarter. Jones Financial Companies Lllp now owns 11,963 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 2,118 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Healthpeak Properties by 22.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,450 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 998 shares during the period. Assetmark Inc. lifted its holdings in shares of Healthpeak Properties by 433.5% during the 4th quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 2,423 shares during the period. Atria Investments Inc lifted its holdings in shares of Healthpeak Properties by 17.5% during the 4th quarter. Atria Investments Inc now owns 52,516 shares of the real estate investment trust's stock worth $1,064,000 after acquiring an additional 7,806 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Healthpeak Properties during the 4th quarter worth about $1,086,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.