Healthpeak Properties Inc. (DOC) Shares Decline Despite Market Challenges

The stock price of Healthpeak Properties Inc. (NYSE: DOC) has plunged by -0.31 when compared to previous closing price of 19.29, but the company has seen a -2.73% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-10 that REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by two years of rate-driven headwinds, the venue halls were as quiet as any REITweek. Excitement was muted after numerous “false starts” on the long-awaited Fed pivot, a dearth of IPO and M&A activity, and a two-year period of significant underperformance versus the broader market. It can only get better: since the start of the Fed’s rate hike cycle in March 2022, the REIT Index has underperformed the S&P 500 by a whopping 40 percentage-points.

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 54.68x compared to its average ratio. DOC has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 0 as “sell.”

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The public float for DOC is 701.61M, and currently, short sellers hold a 1.83% ratio of that float. The average trading volume of DOC on June 11, 2024 was 5.40M shares.

DOC’s Market Performance

DOC’s stock has seen a -2.73% decrease for the week, with a -1.13% drop in the past month and a 9.20% gain in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 1.69% for Healthpeak Properties Inc. The simple moving average for the last 20 days is -1.72% for DOC stock, with a simple moving average of 4.45% for the last 200 days.

Analysts’ Opinion of DOC

Exane BNP Paribas, on the other hand, stated in their research note that they expect to see DOC reach a price target of $21, previously predicting the price at $19. The rating they have provided for DOC stocks is “Outperform” according to the report published on April 26th, 2024.

Mizuho gave a rating of “Buy” to DOC, setting the target price at $22 in the report published on April 22nd of the current year.

DOC Trading at 1.17% 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 -14.08% of loss for the given period.

Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.56% upper at present.

During the last 5 trading sessions, DOC fell by -2.73%, which changed the moving average for the period of 200-days by -5.04% in comparison to the 20-day moving average, which settled at $19.55. In addition, Healthpeak Properties Inc. saw -2.88% 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:

  • 0.32 for the present operating margin
  • 0.45 for the gross margin

The net margin for Healthpeak Properties Inc. stands at 0.04. The total capital return value is set at 0.02. Equity return is now at value 2.49, with 1.07 for asset returns.

Based on Healthpeak Properties Inc. (DOC), the company’s capital structure generated 0.5 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 0.99. The interest coverage ratio of the stock is 2.64.

Currently, EBITDA for the company is 1.19 billion with net debt to EBITDA at 14.54. When we switch over and look at the enterprise to sales, we see a ratio of 22.33. The receivables turnover for the company is 3.02for trailing twelve months and the total asset turnover is 0.05.

Conclusion

To put it simply, Healthpeak Properties Inc. (DOC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.

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