Healthpeak Properties (NYSE:DOC) Price Target Cut to $24.00 by Analysts at Robert W. Baird

Healthpeak Properties (NYSE:DOC - Get Free Report) had its target price lowered by analysts at Robert W. Baird from $25.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's target price points to a potential upside of 22.50% from the company's previous close.

A number of other equities research analysts have also recently issued reports on DOC. Wells Fargo & Company decreased their target price on 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. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a "hold" rating to a "buy" rating and upped their price target for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Mizuho cut their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded down $0.07 during trading hours on Tuesday, reaching $19.59. 2,014,848 shares of the company were exchanged, compared to its average volume of 4,752,985. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 55.90, a PEG ratio of 2.18 and a beta of 1.15. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $20.43 and a 200 day moving average of $21.48. Healthpeak Properties has a 12 month low of $16.01 and a 12 month high of $23.26.

Institutional Trading of Healthpeak Properties

Several large investors have recently made changes to their positions in DOC. AMF Tjanstepension AB bought a new stake in shares of Healthpeak Properties during the third quarter worth $15,548,000. CWM LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $1,298,000. UMB Bank n.a. bought a new stake in shares of Healthpeak Properties during the third quarter worth $40,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Healthpeak Properties during the third quarter worth $67,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Healthpeak Properties during the third quarter worth $471,000. Institutional investors 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.