Healthpeak Properties (NYSE:DOC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note released on Sunday.

A number of other research firms also recently commented on DOC. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. Citigroup lowered their target price on Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Evercore lowered their target price on Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Morgan Stanley lowered their target price on Healthpeak Properties from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Finally, Argus downgraded Healthpeak Properties from a “buy” rating to a “hold” rating in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Hold” and a consensus price target of $18.04.

Healthpeak Properties Stock Down 0.2%

Shares of DOC opened at $19.61 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 61.28, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. Healthpeak Properties has a 1 year low of $15.70 and a 1 year high of $19.87. The business’s 50 day simple moving average is $17.02 and its 200-day simple moving average is $17.16.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, equities analysts expect that Healthpeak Properties will post 1.74 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be paid a $0.1017 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 381.25%.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC increased its stake in Healthpeak Properties by 270.2% in 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 during the period. Advocate Investing Services LLC purchased a new stake in Healthpeak Properties in the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in Healthpeak Properties in the fourth quarter worth $31,000. Clearstead Advisors LLC increased its stake in Healthpeak Properties by 166.3% in the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Healthpeak Properties in the second quarter worth $33,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

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.