Healthpeak Properties Inc. (NYSE: DOC)’s stock price has plunge by -0.43relation to previous closing price of 18.75. Nevertheless, the company has seen a 6.44% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-22 that REITs fell slightly deeper into the red in 2024 with a -0.81% total return in February. Mid cap (+1.46%) and large cap REITs (+1.04%) averaged gains in February outperforming small caps (-1.33%) and micro caps (-6.98%). Only 50.64% of REIT securities had a positive total return in February.
Is It Worth Investing in Healthpeak Properties Inc. (NYSE: DOC) Right Now?
Healthpeak Properties Inc. (NYSE: DOC) has a higher price-to-earnings ratio of 33.58x compared to its average ratio, The 36-month beta value for DOC is at 1.01. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for DOC is 705.93M, and currently, shorts hold a 1.37% of that float. The average trading volume for DOC on April 01, 2024 was 7.70M shares.
DOC’s Market Performance
The stock of Healthpeak Properties Inc. (DOC) has seen a 6.44% increase in the past week, with a 11.46% rise in the past month, and a -7.48% fall in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.49% for DOC. The simple moving average for the last 20 days is 6.64% for DOC stock, with a simple moving average of -1.00% for the last 200 days.
Analysts’ Opinion of DOC
Wells Fargo, on the other hand, stated in their research note that they expect to see DOC reach a price target of $19. The rating they have provided for DOC stocks is “Equal Weight” according to the report published on March 25th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to DOC, setting the target price at $21 in the report published on March 08th of the current year.
DOC Trading at 5.16% from the 50-Day Moving Average
After a stumble in the market that brought DOC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.58% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +9.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.62% lower at present.
During the last 5 trading sessions, DOC rose by +6.58%, which changed the moving average for the period of 200-days by -10.12% in comparison to the 20-day moving average, which settled at $17.59. In addition, Healthpeak Properties Inc. saw -5.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOC starting from Hall Amy M, who sale 4,001 shares at the price of $12.58 back on Dec 08 ’23. After this action, Hall Amy M now owns 35,824 shares of Healthpeak Properties Inc., valued at $50,333 using the latest closing price.
Becker Laurie P, the SVP – Controller of Healthpeak Properties Inc., sale 22,322 shares at $13.47 during a trade that took place back on Sep 14 ’23, which means that Becker Laurie P is holding 55,776 shares at $300,677 based on the most recent closing price.
Stock Fundamentals for DOC
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.73 for the gross margin
The net margin for Healthpeak Properties Inc. stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value 4.68, with 1.93 for asset returns.
Based on Healthpeak Properties Inc. (DOC), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 3.02.
Currently, EBITDA for the company is 1.19 billion with net debt to EBITDA at 18.4. When we switch over and look at the enterprise to sales, we see a ratio of 37.2. The receivables turnover for the company is 1.98for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In conclusion, Healthpeak Properties Inc. (DOC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
