Healthpeak Properties, Inc. (NYSE:DOC) Stock Has Consensus Target Price of $21.60 According to Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.60.

Several equities research analysts recently issued reports on DOC shares. Robert W. Baird lifted their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Mizuho lifted their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Barclays reduced their target price on shares of Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Cantor Fitzgerald lifted their price objective on Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Citigroup boosted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th.

Healthpeak Properties Trading Up 2.1%

Shares of DOC opened at $18.95 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 54.13, a PEG ratio of 2.29 and a beta of 1.01. The company has a 50-day moving average of $19.94 and a 200 day moving average of $19.13. 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, topping analysts’ consensus estimates of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The company had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Healthpeak Properties’s revenue for the quarter was up 11.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, research analysts expect that Healthpeak Properties will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties’s payout ratio is 348.57%.

Hedge Funds Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOC. Pension & Wealth Management Advisors Inc. purchased a new position in Healthpeak Properties during the 3rd quarter worth $27,000. Clearstead Trust LLC grew its stake in shares of Healthpeak Properties by 66.7% in the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 543 shares during the last quarter. Security National Bank of SO Dak purchased a new position in shares of Healthpeak Properties in the 2nd quarter valued at approximately $32,000. Avalon Trust Co acquired a new stake in shares of Healthpeak Properties during the first quarter worth $34,000. Finally, Latitude Advisors LLC acquired a new position in Healthpeak Properties in the 3rd quarter valued at $34,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.