Healthpeak Properties, Inc. (NYSE:DOC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of brokerages recently issued reports on DOC. Wedbush upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Mizuho reiterated a “buy” rating and set a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, April 22nd. Bank of America upgraded Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their price target for the company from $18.00 to $25.00 in a research report on Monday, April 1st. Finally, StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Friday, April 26th.

Healthpeak Properties Trading Up 1.3 %

Shares of Healthpeak Properties stock opened at $19.21 on Wednesday. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $22.38. The stock’s 50-day simple moving average is $17.74 and its 200 day simple moving average is $14.13. The stock has a market capitalization of $13.52 billion, a P/E ratio of 54.89, a P/E/G ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69.

Healthpeak Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a $0.30 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.20 annualized dividend and a yield of 6.25%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23. Healthpeak Properties’s payout ratio is presently 342.87%.

Institutional Trading of Healthpeak Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of Healthpeak Properties by 36.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 6,354 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $372,000. Novak & Powell Financial Services Inc. bought a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $206,000. Gillson Capital LP bought a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $1,261,000. Finally, Angelo Gordon & CO. L.P. bought a new position in shares of Healthpeak Properties during the fourth quarter valued at approximately $3,713,000. Institutional investors own 93.57% of the company’s stock.

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.