Healthpeak Properties’ (DOC) Equal Weight Rating Reaffirmed at Wells Fargo & Company

Healthpeak Properties (NYSE:DOC)‘s stock had its “equal weight” rating reissued by stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $23.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $22.00. Wells Fargo & Company‘s target price indicates a potential upside of 2.04% from the stock’s current price.

DOC has been the topic of a number of other research reports. Evercore ISI lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Wedbush lifted their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Citigroup lifted their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.17.

Healthpeak Properties Stock Down 1.4 %

Healthpeak Properties stock traded down $0.33 during mid-day trading on Tuesday, hitting $22.54. 551,523 shares of the company’s stock were exchanged, compared to its average volume of 5,788,170. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $23.14. The stock has a 50 day moving average of $21.96 and a two-hundred day moving average of $20.13. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market cap of $15.86 billion, a P/E ratio of 64.40, a P/E/G ratio of 2.36 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue was up 27.5% on a year-over-year basis. As a group, analysts anticipate that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in shares of Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Healthpeak Properties during the 2nd quarter worth about $66,000. Point72 DIFC Ltd bought a new stake in Healthpeak Properties during the 2nd quarter worth about $161,000. Novak & Powell Financial Services Inc. acquired a new stake in Healthpeak Properties in the 4th quarter valued at about $206,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Healthpeak Properties during the second quarter worth approximately $227,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.