Healthpeak Properties (NYSE:DOC) Price Target Cut to $24.00 by Analysts at Robert W. Baird

Healthpeak Properties (NYSE:DOC) had its target price decreased by Robert W. Baird from $25.00 to $24.00 in a report released on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on DOC. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.08.

Healthpeak Properties Trading Up 2.6 %

Shares of Healthpeak Properties stock opened at $19.98 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The stock has a 50 day moving average price of $20.43 and a two-hundred day moving average price of $21.48. The stock has a market capitalization of $13.97 billion, a PE ratio of 57.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Healthpeak Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be issued a dividend of $0.305 per share. This is a positive change from Healthpeak Properties’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Friday, February 14th. Healthpeak Properties’s dividend payout ratio (DPR) is 342.87%.

Institutional Trading of Healthpeak Properties

A number of hedge funds have recently bought and sold shares of the business. State Street Corp bought a new stake in Healthpeak Properties during the third quarter worth $1,093,576,000. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the period. Geode Capital Management LLC lifted its holdings in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after acquiring an additional 638,012 shares during the period. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after buying an additional 398,770 shares during the period. 93.57% of the stock is currently owned by institutional investors.

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.