Healthpeak Properties (NYSE:DOC) Upgraded to Outperform by Wedbush

Wedbush upgraded shares of Healthpeak Properties (NYSE:DOC) from a neutral rating to an outperform rating in a research report released on Friday morning, MarketBeat reports.

Other research analysts also recently issued research reports about the stock. Mizuho restated a buy rating and set a $22.00 price target on shares of Healthpeak Properties in a research report on Monday, April 22nd. BNP Paribas upgraded shares of Healthpeak Properties from a neutral rating to an outperform rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Friday, April 26th. Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an equal weight rating and a $19.00 price target for the company. StockNews.com cut shares of Healthpeak Properties from a hold rating to a sell rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $18.50.

Healthpeak Properties Price Performance

DOC opened at $18.97 on Friday. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $17.58 and a 200 day moving average price of $14.08. The company has a market cap of $13.35 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01.

Healthpeak Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.30 dividend. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.20 annualized dividend and a dividend yield of 6.33%. Healthpeak Properties’s dividend payout ratio is 342.87%.

Institutional Trading of Healthpeak Properties

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 2,985 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,712 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $124,000. Quadrant Capital Group LLC lifted its holdings in shares of Healthpeak Properties by 645.4% in the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $134,000. Hedge funds and other 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.