Healthpeak Properties (NYSE:DOC) Stock Gets Price Target Trim from Wells Fargo & Company

Healthpeak Properties (NYSE:DOC) had its price target lowered by Wells Fargo & Company from $22.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on DOC. JPMorgan Chase & Co. upped their price target on shares of Healthpeak Properties from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. Weiss Ratings lowered shares of Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada lifted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Cantor Fitzgerald lifted their price objective on shares of Healthpeak Properties from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, UBS Group lowered their price objective on shares of Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Healthpeak Properties has an average rating of “Hold” and a consensus target price of $21.60.

Healthpeak Properties Stock Down 1.6%

DOC stock opened at $18.46 on Monday. The company has a market cap of $12.73 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The business has a 50-day simple moving average of $20.13 and a 200 day simple moving average of $19.93. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06.

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

Healthpeak Properties Announces Dividend

The firm also recently announced 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 6.6%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties’s payout ratio is presently 348.57%.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds have recently modified their holdings of DOC. Foster Victor Wealth Advisors LLC increased its holdings in Healthpeak Properties by 2.2% in the third quarter. Foster Victor Wealth Advisors LLC now owns 559,418 shares of the real estate investment trust’s stock valued at $10,293,000 after purchasing an additional 11,952 shares during the period. Axxcess Wealth Management LLC bought a new position in Healthpeak Properties during the 3rd quarter worth $2,569,000. Nisa Investment Advisors LLC lifted its holdings in Healthpeak Properties by 1,788.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 381,045 shares of the real estate investment trust’s stock worth $7,609,000 after buying an additional 360,871 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Healthpeak Properties by 124.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,234,094 shares of the real estate investment trust’s stock worth $24,645,000 after buying an additional 683,778 shares during the period. Finally, Revisor Wealth Management LLC lifted its holdings in Healthpeak Properties by 12.2% during the 3rd quarter. Revisor Wealth Management LLC now owns 22,009 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 2,389 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.