Healthpeak Properties, Inc. (NYSE:DOC) Stock Has Consensus Target Price of $22.10

Shares of Healthpeak Properties, Inc. (NYSE:DOC) have been assigned an average rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.10.

A number of equities research analysts recently issued reports on DOC shares. Raymond James Financial initiated coverage on shares of Healthpeak Properties in a report on Wednesday, June 17th. They issued a “market perform” rating for the company. Royal Bank Of Canada lifted their target price on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Cantor Fitzgerald boosted their target price on shares of Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Barclays raised their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 31st.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Healthpeak Properties during the second quarter worth $3,837,000. JPMorgan Chase & Co. boosted its holdings in Healthpeak Properties by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 30,674,812 shares of the real estate investment trust’s stock valued at $493,251,000 after purchasing an additional 2,438,278 shares during the period. NewEdge Advisors LLC boosted its holdings in Healthpeak Properties by 23.1% in the second quarter. NewEdge Advisors LLC now owns 146,336 shares of the real estate investment trust’s stock valued at $3,132,000 after purchasing an additional 27,508 shares during the period. Vontobel Holding Ltd. boosted its holdings in Healthpeak Properties by 3,163.9% in the second quarter. Vontobel Holding Ltd. now owns 804,137 shares of the real estate investment trust’s stock valued at $17,209,000 after purchasing an additional 779,500 shares during the period. Finally, Adelante Capital Management LLC acquired a new position in Healthpeak Properties during the 2nd quarter worth $21,605,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $18.98 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The stock’s fifty day moving average is $20.73 and its two-hundred day moving average is $19.78. The firm has a market capitalization of $13.08 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. Healthpeak Properties has a fifty-two week low of $15.70 and a fifty-two week high of $22.95.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The business had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same period last year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, research analysts anticipate that Healthpeak Properties will post 1.77 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be given a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, December 18th. Healthpeak Properties’s dividend payout ratio is presently 348.57%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.