Healthpeak Properties (NYSE:DOC) Downgraded by StockNews.com

StockNews.com cut shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Other analysts have also issued research reports about the company. Wells Fargo & Company upgraded Healthpeak Properties to a hold rating in a report on Monday, August 12th. Evercore ISI upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an outperform rating in a report on Monday, September 16th. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Monday, July 29th. Royal Bank of Canada upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. Finally, Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the stock a sector outperform rating in a report on Monday, September 9th. One research 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 stock. According to MarketBeat, Healthpeak Properties currently has an average rating of Moderate Buy and a consensus price target of $21.83.

Healthpeak Properties Stock Up 0.4 %

Shares of NYSE:DOC opened at $22.60 on Thursday. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $23.14. The stock has a market cap of $15.91 billion, a P/E ratio of 64.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. The business’s 50 day moving average is $21.92 and its 200 day moving average is $20.05. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (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 firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties will post 1.8 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.31%. Healthpeak Properties’s dividend payout ratio (DPR) is 342.86%.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Healthpeak Properties by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,985 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties in the 2nd quarter worth approximately $66,000. Point72 DIFC Ltd purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at approximately $161,000. Novak & Powell Financial Services Inc. purchased a new stake in shares of Healthpeak Properties during the 4th quarter valued at approximately $206,000. Finally, Centaurus Financial Inc. acquired a new stake in Healthpeak Properties in the 2nd quarter valued at approximately $227,000. 93.57% of the stock is 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.