Healthpeak Properties (NYSE:DOC) Hits New 52-Week Low – Here’s Why

Shares of Healthpeak Properties, Inc. (NYSE:DOC) hit a new 52-week low on Tuesday . The company traded as low as $16.54 and last traded at $16.5950, with a volume of 3704306 shares traded. The stock had previously closed at $16.74.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOC. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $18.00 target price (down previously from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wells Fargo & Company boosted their price target on Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Weiss Ratings upgraded shares of Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, December 1st. Finally, Raymond James Financial raised shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Monday, September 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Healthpeak Properties Price Performance

The firm has a market capitalization of $11.50 billion, a P/E ratio of -331.23, a PEG ratio of 4.32 and a beta of 1.11. The company has a fifty day moving average of $18.10 and a 200 day moving average of $17.86. 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 (NYSE:DOC) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $705.87 million during the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 19th will be issued a $0.1017 dividend. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 7.4%. Healthpeak Properties’s payout ratio is presently -2,440.00%.

Institutional Trading of Healthpeak Properties

A number of large investors have recently bought and sold shares of DOC. Wealthedge Investment Advisors LLC grew its stake in Healthpeak Properties by 417.5% during the second quarter. Wealthedge Investment Advisors LLC now owns 163,959 shares of the real estate investment trust’s stock worth $2,871,000 after purchasing an additional 132,274 shares during the period. Adelante Capital Management LLC lifted its stake in Healthpeak Properties by 4,464.2% in the first quarter. Adelante Capital Management LLC now owns 1,189,069 shares of the real estate investment trust’s stock valued at $24,043,000 after buying an additional 1,163,017 shares during the period. Aviva PLC boosted its holdings in shares of Healthpeak Properties by 6.6% during the 2nd quarter. Aviva PLC now owns 593,721 shares of the real estate investment trust’s stock worth $10,396,000 after buying an additional 36,603 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter worth approximately $373,000. Finally, Nordea Investment Management AB increased its stake in shares of Healthpeak Properties by 7,444.0% in the 2nd quarter. Nordea Investment Management AB now owns 3,923,205 shares of the real estate investment trust’s stock valued at $67,871,000 after acquiring an additional 3,871,201 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Company Profile

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.