Healthpeak Properties (NYSE:DOC) Lifted to Outperform at Wedbush

Wedbush upgraded shares of Healthpeak Properties (NYSE:DOC) from a neutral rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports.

A number of other analysts have also weighed in on the stock. KeyCorp restated a sector weight rating on shares of Healthpeak Properties in a research note on Friday, January 5th. Wells Fargo & Company assumed coverage on Healthpeak Properties in a report on Monday, March 25th. They issued an equal weight rating and a $19.00 price target for the company. Royal Bank of Canada upped their price target on Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Mizuho reaffirmed a buy rating and issued a $22.00 price target on shares of Healthpeak Properties in a report on Monday, April 22nd. Finally, BNP Paribas raised Healthpeak Properties from a neutral rating to an outperform rating and upped their price target for the company from $19.00 to $21.00 in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $18.50.

Healthpeak Properties Stock Down 1.0 %

DOC stock opened at $18.97 on Friday. The company’s 50 day moving average price is $17.42 and its 200 day moving average price is $14.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.67 and a current ratio of 0.69. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 1.87 and a beta of 1.01.

Healthpeak Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 3rd. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 6.33%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.87%.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank raised its position in Healthpeak Properties by 0.6% in the fourth quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock worth $1,821,000 after acquiring an additional 854 shares in the last quarter. Arizona State Retirement System increased its position in shares of Healthpeak Properties by 1.3% in the third quarter. Arizona State Retirement System now owns 67,879 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 877 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Healthpeak Properties by 0.3% in the third quarter. New York State Teachers Retirement System now owns 345,580 shares of the real estate investment trust’s stock valued at $4,213,000 after buying an additional 938 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Healthpeak Properties by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 298,692 shares of the real estate investment trust’s stock valued at $3,976,000 after buying an additional 956 shares in the last quarter. Finally, Mckinley Capital Management LLC increased its position in Healthpeak Properties by 2.8% during the 4th quarter. Mckinley Capital Management LLC now owns 41,458 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 1,114 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

About Healthpeak Properties

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.