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

Healthpeak Properties (NYSE:DOCGet Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other research firms have also issued reports on DOC. Royal Bank of Canada raised their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Citigroup raised their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Wedbush boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.62.

Read Our Latest Report on DOC

Healthpeak Properties Trading Down 0.3 %

DOC stock opened at $22.53 on Wednesday. The firm has a fifty day moving average price of $22.27 and a 200 day moving average price of $20.71. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $23.26. The firm has a market cap of $15.85 billion, a PE ratio of 64.36, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70.

Healthpeak Properties (NYSE:DOCGet Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Sell-side analysts anticipate that Healthpeak Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. HM Payson & Co. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth $25,000. S.A. Mason LLC purchased a new stake in Healthpeak Properties in the third quarter worth about $26,000. Rise Advisors LLC bought a new position in Healthpeak Properties during the 3rd quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in Healthpeak Properties during the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $33,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Healthpeak Properties (NYSE:DOC)

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