In the last trading session, 5.79 million shares of the Healthpeak Properties Inc. (NYSE:DOC) were traded, and its beta was 1.01. Most recently the company’s share price was $18.54, and it changed around -$0.21 or -1.12% from the last close, which brings the market valuation of the company to $13.16B. DOC currently trades at a discount to its 52-week high of $22.38, offering almost -20.71% off that amount. The share price’s 52-week low was $15.24, which indicates that the current value has risen by an impressive 17.8% since then. We note from Healthpeak Properties Inc.’s average daily trading volume that its 10-day average is 6.61 million shares, with the 3-month average coming to 7.70 million.
Healthpeak Properties Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 5 recommended DOC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Healthpeak Properties Inc. is expected to report earnings per share of $0.07 for the current quarter.
Healthpeak Properties Inc. (NYSE:DOC) trade information
Instantly DOC has showed a red trend with a performance of -1.12% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -6.36% year-to-date, but still up 5.70% over the last five days. On the other hand, Healthpeak Properties Inc. (NYSE:DOC) is 10.69% up in the 30-day period. We can see from the shorts that 9.7 million shares have been sold at a short interest cover period of 0.85 day(s).
The consensus price target as assigned by Wall Street analysts is $18.5, which translates to bulls needing to decrease their stock price by -0.22% from its current value. Analyst projections state that DOC is forecast to be at a low of $15 and a high of $22.
Healthpeak Properties Inc. (DOC) estimates and forecasts
Healthpeak Properties Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.66 percent over the past six months and at a -0.56% annual growth rate that is well above the industry average of -2.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -68.20% in revenue this quarter, and will report an increase of 11.10% in the next quarter. The year-over-year growth rate is expected to be 23.10%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $587.31 million in revenue for the current quarter. 8 analysts expect Healthpeak Properties Inc. to make $687.03 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $525.68 million and $535.71 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.70%. Forecasts for the next quarter put sales growth at 28.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.23%. Healthpeak Properties Inc. earnings are expected to increase by -24.35% in 2024, but the outlook is negative -12.59% per year for the next five years.
DOC Dividends
Healthpeak Properties Inc.’s next quarterly earnings report is expected to be released around May 02 and May 06. The annual dividend yield of the stock is 6.47 percent and its annual dividend per share was 1.20. It is important to note, however, that the 6.47% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Healthpeak Properties Inc. (NYSE:DOC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.30% of Healthpeak Properties Inc. shares, and 74.32% of them are in the hands of institutional investors. The stock currently has a share float of 74.54%. Healthpeak Properties Inc. stock is held by 934 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 16.90% of the shares, which is about 40.3 million shares worth $563.8 million.
Vanguard Group Inc, with 14.75% or 35.17 million shares worth $492.0 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Specialized-Real Estate Index Fund and Undiscovered Managers Behavioral Value Fund were the top two Mutual Funds as of Jul 30, 2023. The former held 10.05 million shares worth $148.19 million, making up 4.22% of all outstanding shares. On the other hand, Undiscovered Managers Behavioral Value Fund held roughly 7.51 million shares worth around $105.05 million, which represents about 3.15% of the total shares outstanding.
