Healthpeak Properties (NYSE:DOC) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Healthpeak Properties (NYSE:DOC – Free Report) from a sell rating to a hold rating in a report published on Sunday morning.

DOC has been the topic of several other reports. Evercore ISI decreased their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Scotiabank reduced their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. Wedbush reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Robert W. Baird reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.27.

Check Out Our Latest Analysis on DOC

Healthpeak Properties Trading Up 2.2%

Shares of Healthpeak Properties stock opened at $17.90 on Friday. The company’s fifty day simple moving average is $17.44 and its 200-day simple moving average is $19.07. The stock has a market capitalization of $12.44 billion, a PE ratio of 44.75, a P/E/G ratio of 1.99 and a beta of 1.03. Healthpeak Properties has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35.

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 for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were paid a dividend of $0.1017 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties’s dividend payout ratio is presently 305.00%.

Insider Buying and Selling at Healthpeak Properties

In related news, Director Tommy G. Thompson acquired 5,777 shares of the stock in a transaction on Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the transaction, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott M. Brinker purchased 2,750 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $17.39 per share, with a total value of $47,822.50. Following the transaction, the chief executive officer directly owned 204,613 shares in the company, valued at approximately $3,558,220.07. This trade 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 valued at $521,909 in the last three months. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its position in Healthpeak Properties by 19.9% during the first quarter. Voya Investment Management LLC now owns 305,147 shares of the real estate investment trust’s stock valued at $6,170,000 after acquiring an additional 50,673 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Healthpeak Properties by 20.3% in the first quarter. Inspire Investing LLC now owns 15,414 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 2,599 shares during the period. Strs Ohio acquired a new stake in shares of Healthpeak Properties in the first quarter worth $41,939,000. Intrua Financial LLC increased its stake in shares of Healthpeak Properties by 5.9% in the first quarter. Intrua Financial LLC now owns 59,419 shares of the real estate investment trust’s stock worth $1,201,000 after acquiring an additional 3,304 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Healthpeak Properties by 54.4% in the first quarter. Geneos Wealth Management Inc. now owns 8,566 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 3,017 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

(Get Free Report)

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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