Healthpeak Properties, Inc. (NYSE:DOC) Receives $21.72 Consensus Target Price from Analysts

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.7188.

A number of equities research analysts recently weighed in on DOC shares. JPMorgan Chase & Co. boosted their price objective on Healthpeak Properties from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Mizuho boosted their price target on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. BMO Capital Markets raised their price objective on shares of Healthpeak Properties from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, Robert W. Baird upped their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th.

Healthpeak Properties Trading Down 0.5%

DOC opened at $20.41 on Friday. The company has a market cap of $14.07 billion, a P/E ratio of 58.32, a PEG ratio of 2.53 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $21.48 and its 200-day moving average is $19.42. Healthpeak Properties has a 1-year low of $15.70 and a 1-year high of $22.95.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Equities research analysts predict that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 6.0%. Healthpeak Properties’s payout ratio is currently 348.57%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its position in shares of Healthpeak Properties by 2.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 147,784 shares of the real estate investment trust’s stock valued at $3,163,000 after buying an additional 3,864 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Healthpeak Properties by 25.1% during the second quarter. Integrated Wealth Concepts LLC now owns 24,236 shares of the real estate investment trust’s stock worth $519,000 after acquiring an additional 4,860 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Healthpeak Properties by 23.1% during the second quarter. NewEdge Advisors LLC now owns 146,336 shares of the real estate investment trust’s stock worth $3,132,000 after acquiring an additional 27,508 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Healthpeak Properties by 22.1% in the second quarter. IFP Advisors Inc now owns 7,472 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 1,350 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Healthpeak Properties by 17.0% in the second quarter. Baird Financial Group Inc. now owns 709,918 shares of the real estate investment trust’s stock worth $15,192,000 after acquiring an additional 103,308 shares during the period. 93.57% of the stock is owned by institutional investors.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.