Healthpeak Properties (NYSE:DOC) Upgraded by Wedbush to Outperform

Healthpeak Properties (NYSE:DOC) was upgraded by equities researchers at Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Friday, Marketbeat.com reports.

DOC has been the topic of a number of other research reports. Royal Bank of Canada increased their target price on Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Bank of America raised Healthpeak Properties from an “underperform” rating to a “buy” rating and increased their price objective for the company from $18.00 to $25.00 in a research note on Monday, April 1st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $21.00 in a report on Friday, April 26th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Healthpeak Properties in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.36.

Healthpeak Properties Stock Up 0.5 %

DOC stock opened at $18.97 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.67. The company’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $14.00. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $22.38. The firm has a market capitalization of $13.35 billion, a PE ratio of 54.20, a P/E/G ratio of 1.89 and a beta of 1.01.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds and other institutional investors have recently bought and sold shares of DOC. Parallel Advisors LLC lifted its holdings in 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. Allspring Global Investments Holdings LLC increased its position in shares of Healthpeak Properties by 42.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,712 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Healthpeak Properties by 645.4% in the fourth quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Healthpeak Properties in the fourth quarter valued at about $134,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Healthpeak Properties in the third quarter valued at about $124,000. 93.57% of the stock is owned by institutional investors and hedge funds.

About Healthpeak Properties

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.