Brokerages Set Healthpeak Properties, Inc. (NYSE:DOC) Price Target at $19.41

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $19.41.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. Wedbush upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price objective for the company. Finally, Argus upgraded shares of Healthpeak Properties to a “strong-buy” rating in a research report on Thursday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Healthpeak Properties by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after purchasing an additional 239,972 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Healthpeak Properties by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock worth $41,018,000 after acquiring an additional 65,814 shares during the last quarter. Norges Bank purchased a new position in shares of Healthpeak Properties during the 4th quarter worth $34,883,000. Victory Capital Management Inc. boosted its position in shares of Healthpeak Properties by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,270,712 shares of the real estate investment trust’s stock valued at $30,223,000 after acquiring an additional 87,506 shares during the last quarter. Finally, Leeward Investments LLC MA purchased a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $13,038,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.3 %

Shares of Healthpeak Properties stock opened at $19.48 on Thursday. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $13.71 billion, a P/E ratio of 55.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.11. The firm has a 50-day simple moving average of $19.37 and a two-hundred day simple moving average of $16.36.

Healthpeak Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend was Friday, May 3rd. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s dividend payout ratio is currently 342.87%.

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.