Healthpeak Properties Inc (NYSE:DOC) price on current trading day, fall -1.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.66.
A look at the stock’s price movement, the level at last check in today’s session was $16.83. The PE ratio in trailing twelve months stood at 41.97. Turning to its 52-week performance, $23.13 and $16.82 were the 52-week high and 52-week low respectively. Overall, DOC moved -11.50% over the past month.
Healthpeak Properties Inc’s market cap currently stands at around $11.84 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.87, with its dividend yield at 5.21%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 698.17M for the company’s revenue for the quarter, with a low and high estimate of 687.42M and 714.2M respectively. The average forecast suggests up to a 1.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.81B, representing a 5.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DOC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 7 recommend DOC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DOC’s current price about -4.67% and -10.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.02, while 7-day volatility ratio is 2.37% and 2.39% in the 30-day chart. Further, Healthpeak Properties Inc (DOC) has a beta value of 1.02, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $15 and high of $28. Looking at the price targets, the low is 9.96% off recent price level in today’s trading while to achieve the yearly target high, it has to move -68.07%. Nonetheless, investors will most likely welcome a -20.05% jump to $20 which is the analysts’ median price.
If we refocus on Healthpeak Properties Inc (NYSE:DOC), historical trading data shows that trading volumes averaged 5.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 699.49 million shares.
The 0.40% of Healthpeak Properties Inc’s shares are in the hands of company insiders while institutional holders own 97.05% of the company’s shares. Current price change has pushed the stock -17.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DOC stock continues to rise going into the next quarter.
