Healthpeak Properties (NYSE:DOC) Upgraded at StockNews.com

StockNews.com upgraded shares of Healthpeak Properties (NYSE:DOC) from a sell rating to a hold rating in a research note released on Saturday morning.

Other research analysts also recently issued research reports about the company. Scotiabank decreased their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Mizuho reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Wedbush decreased their price objective on shares of Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.92.

Healthpeak Properties Trading Up 2.1 %

NYSE:DOC opened at $20.45 on Friday. Healthpeak Properties has a one year low of $17.45 and a one year high of $23.26. The business has a fifty day moving average price of $20.25 and a 200-day moving average price of $21.15. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Healthpeak Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were given a dividend of $0.305 per share. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Friday, February 14th. Healthpeak Properties’s dividend payout ratio is currently 348.57%.

Institutional Investors Weigh In On Healthpeak Properties

Large investors have recently bought and sold shares of the business. Mizuho Bank Ltd. purchased a new position in shares of Healthpeak Properties in the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties during the fourth quarter worth approximately $30,000. Avior Wealth Management LLC purchased a new stake in Healthpeak Properties during the third quarter valued at approximately $37,000. Groupama Asset Managment bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $37,000. Finally, Covestor Ltd increased its position in shares of Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

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.