Healthpeak Properties (NYSE:DOC) Upgraded by StockNews.com to "Hold" Rating

Healthpeak Properties (NYSE:DOC - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

Other research analysts also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Scotiabank reduced their price target on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Finally, Wedbush decreased their price target on Healthpeak Properties from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.92.

Remove Ads

Healthpeak Properties Stock Performance

Shares of DOC traded up $0.05 during mid-day trading on Thursday, reaching $20.52. 3,538,242 shares of the company's stock were exchanged, compared to its average volume of 4,638,025. The business's fifty day simple moving average is $20.22 and its 200-day simple moving average is $21.21. The stock has a market capitalization of $14.35 billion, a PE ratio of 58.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Healthpeak Properties has a 52-week low of $17.05 and a 52-week high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Healthpeak Properties by 5.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 349,884 shares of the real estate investment trust's stock worth $7,092,000 after purchasing an additional 18,483 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Healthpeak Properties during the 4th quarter valued at $4,806,000. Wealthedge Investment Advisors LLC acquired a new stake in Healthpeak Properties during the 4th quarter valued at $479,000. Comprehensive Money Management Services LLC acquired a new position in shares of Healthpeak Properties in the fourth quarter worth $313,000. Finally, Menard Financial Group LLC raised its holdings in shares of Healthpeak Properties by 11.8% in the fourth quarter. Menard Financial Group LLC now owns 16,663 shares of the real estate investment trust's stock worth $338,000 after acquiring an additional 1,765 shares during the last quarter. 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.