Healthpeak Properties (NYSE:DOC) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other research firms also recently commented on DOC. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Scotiabank dropped their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, Wedbush dropped their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $23.92.

Healthpeak Properties Trading Down 1.6 %

Shares of Healthpeak Properties stock opened at $20.02 on Friday. The company has a fifty day moving average of $20.24 and a 200 day moving average of $21.17. Healthpeak Properties has a fifty-two week low of $17.45 and a fifty-two week high of $23.26. The company has a market capitalization of $14.00 billion, a P/E ratio of 57.19, a P/E/G ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.305 dividend. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is 348.57%.

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. Fairtree Asset Management Pty Ltd purchased a new stake in Healthpeak Properties in the 4th quarter worth about $808,000. Wealth Enhancement Advisory Services LLC raised its position in Healthpeak Properties by 5.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 349,884 shares of the real estate investment trust’s stock worth $7,092,000 after purchasing an additional 18,483 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Healthpeak Properties in the 4th quarter worth about $4,806,000. Wealthedge Investment Advisors LLC purchased a new stake in Healthpeak Properties in the 4th quarter worth about $479,000. Finally, Comprehensive Money Management Services LLC purchased a new stake in Healthpeak Properties in the 4th quarter worth about $313,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.