Healthpeak Properties (NYSE:DOC) Downgraded to “Sell” Rating by StockNews.com

Healthpeak Properties (NYSE:DOC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

DOC has been the subject of a number of other reports. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a report on Wednesday, January 15th. Robert W. Baird decreased their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Scotiabank dropped their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Finally, Wedbush reissued an “outperform” rating and issued a $24.00 target price on shares of Healthpeak Properties in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

Healthpeak Properties Stock Up 2.0 %

Shares of Healthpeak Properties stock opened at $18.81 on Wednesday. The company has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $20.63. The stock has a market capitalization of $13.16 billion, a PE ratio of 53.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Healthpeak Properties has a 52-week low of $17.33 and a 52-week high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the period. Norges Bank purchased a new position in Healthpeak Properties during the fourth quarter valued at $166,804,000. Resolution Capital Ltd bought a new stake in Healthpeak Properties during the fourth quarter valued at about $122,795,000. Long Pond Capital LP purchased a new stake in Healthpeak Properties in the fourth quarter worth about $86,885,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.