StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

Healthpeak Properties (NYSE:DOC) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

DOC has been the topic of several other research reports. Evercore ISI upped their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wedbush upped their price target 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. Wells Fargo & Company raised shares of Healthpeak Properties to a “hold” rating in a report on Monday, August 12th. Scotiabank raised their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Finally, Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

Healthpeak Properties Trading Up 0.1 %

NYSE:DOC opened at $22.80 on Thursday. The company has a market cap of $16.05 billion, a P/E ratio of 65.14, a P/E/G ratio of 2.36 and a beta of 1.14. The stock’s fifty day moving average price is $21.85 and its two-hundred day moving average price is $20.00. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $23.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70.

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

Institutional Investors Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new stake in Healthpeak Properties during the 2nd quarter valued at $227,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Healthpeak Properties during the 2nd quarter valued at $9,024,000. Point72 DIFC Ltd bought a new stake in Healthpeak Properties during the 2nd quarter valued at $161,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Healthpeak Properties during the 2nd quarter valued at $66,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Healthpeak Properties by 36.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 6,354 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

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.