Healthpeak Properties (NYSE:DOC) Given New $26.00 Price Target at Evercore ISI

Healthpeak Properties (NYSE:DOC) had its price objective upped by Evercore ISI from $25.00 to $26.00 in a research report report published on Monday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on DOC. Citigroup upped their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, August 22nd. Royal Bank of Canada raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Healthpeak Properties to a hold rating in a research note on Monday, August 12th. Scotiabank increased their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a sector outperform rating in a research report on Monday, September 9th. Finally, StockNews.com raised Healthpeak Properties from a sell rating to a hold rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $21.83.

Healthpeak Properties Stock Down 1.0 %

Shares of DOC opened at $21.90 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $21.72 and a two-hundred day moving average price of $19.84. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 62.57, a P/E/G ratio of 2.31 and a beta of 1.14. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $22.79.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same quarter last year, the business earned $0.45 EPS. Healthpeak Properties’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities analysts predict that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.48%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio is 342.86%.

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in Healthpeak Properties in the second quarter valued at approximately $161,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthpeak Properties in the 2nd quarter worth $66,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Healthpeak Properties by 36.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 6,354 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Healthpeak Properties during the fourth quarter worth $372,000. Finally, Novak & Powell Financial Services Inc. bought a new stake in Healthpeak Properties in the fourth quarter valued at about $206,000. 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.