Healthpeak Properties, Inc. (NYSE:DOC) Receives Average Rating of “Hold” from Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.6667.

A number of analysts recently issued reports on the company. Robert W. Baird decreased their price objective on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Cantor Fitzgerald set a $17.00 target price on Healthpeak Properties in a report on Monday, January 5th. Wells Fargo & Company increased their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Weiss Ratings upgraded shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Evercore ISI decreased their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, December 15th.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in Healthpeak Properties in the 3rd quarter worth about $25,000. City Holding Co. purchased a new position in shares of Healthpeak Properties during the third quarter worth about $26,000. WPG Advisers LLC grew its holdings in shares of Healthpeak Properties by 270.2% during the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares in the last quarter. Rexford Capital Inc. bought a new position in shares of Healthpeak Properties in the second quarter worth approximately $28,000. Finally, Sound Income Strategies LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $28,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.2%

Shares of DOC stock opened at $17.12 on Friday. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of -342.27, a PEG ratio of 4.32 and a beta of 1.12. The company’s fifty day simple moving average is $17.01 and its two-hundred day simple moving average is $17.67. Healthpeak Properties has a 1 year low of $15.71 and a 1 year high of $21.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 7.1%. Healthpeak Properties’s dividend payout ratio is presently -2,440.00%.

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.