Wells Fargo & Company Reiterates Equal Weight Rating for Healthpeak Properties (NYSE:DOC)

Wells Fargo & Company reissued their equal weight rating on shares of Healthpeak Properties (NYSE:DOC) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $23.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $22.00.

DOC has been the topic of a number of other reports. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, July 30th. Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a neutral rating in a research note on Thursday, August 22nd. Wedbush raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an outperform rating in a research note on Monday, July 29th. Scotiabank increased their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a sector outperform rating in a research report on Monday, September 9th. Finally, Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an outperform rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $22.17.

Healthpeak Properties Trading Down 0.5 %

Shares of Healthpeak Properties stock opened at $22.12 on Tuesday. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.14. The company has a market cap of $15.57 billion, a price-to-earnings ratio of 63.20, a PEG ratio of 2.36 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $22.05 and its 200-day moving average price is $20.23.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $665.11 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. On average, equities analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business 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 5.42%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 342.86%.

Institutional Trading of Healthpeak Properties

Several large investors have recently added to or reduced their stakes in DOC. Mirador Capital Partners LP purchased a new position in Healthpeak Properties during the third quarter valued at $737,000. Duncan Williams Asset Management LLC purchased a new position in Healthpeak Properties during the third quarter valued at $322,000. Park Avenue Securities LLC purchased a new position in Healthpeak Properties during the third quarter valued at $506,000. SG Americas Securities LLC purchased a new position in Healthpeak Properties during the third quarter valued at $2,601,000. Finally, Czech National Bank purchased a new position in Healthpeak Properties during the third quarter valued at $3,279,000. Institutional investors own 93.57% of the company’s stock.

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.