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

Shares of Healthpeak Properties, Inc. (NYSE:DOC) reached a new 52-week high on Friday . The company traded as high as $19.87 and last traded at $19.3960, with a volume of 418637 shares. The stock had previously closed at $19.66.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DOC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Friday, April 24th. UBS Group began coverage on shares of Healthpeak Properties in a report on Monday, April 20th. They issued a “neutral” rating and a $17.00 price target on the stock. Citigroup dropped their price objective on shares of Healthpeak Properties from $18.00 to $17.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company reissued a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. Finally, Evercore reduced their price target on shares of Healthpeak Properties from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.04.

Healthpeak Properties Trading Down 0.8%

The company has a market cap of $13.55 billion, a price-to-earnings ratio of 60.96, a P/E/G ratio of 2.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.82. The firm’s fifty day moving average price is $17.02 and its 200-day moving average price is $17.16.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company had revenue of $752.95 million during the quarter, compared to the consensus estimate of $694.59 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, equities analysts expect that Healthpeak Properties, Inc. will post 1.74 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.3%. Healthpeak Properties’s dividend payout ratio is presently 381.25%.

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors have recently bought and sold shares of the stock. Argent Advisors Inc. bought a new stake in Healthpeak Properties in the third quarter worth about $1,536,000. Twin City Private Wealth LLC bought a new stake in Healthpeak Properties in the third quarter worth about $1,148,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Healthpeak Properties by 7.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,935,397 shares of the real estate investment trust’s stock worth $37,063,000 after buying an additional 126,322 shares during the period. Bank of New York Mellon Corp raised its holdings in Healthpeak Properties by 8.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,754,147 shares of the real estate investment trust’s stock worth $129,342,000 after buying an additional 525,875 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Healthpeak Properties by 41.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,236,534 shares of the real estate investment trust’s stock worth $540,730,000 after buying an additional 8,212,504 shares during the period. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.