Wall Street Zen Downgrades Healthpeak Properties (NYSE:DOC) to Sell

Healthpeak Properties (NYSE:DOC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Argus reiterated a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wedbush decreased their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Finally, Robert W. Baird decreased their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.27.

Healthpeak Properties Price Performance

Healthpeak Properties stock opened at $17.11 on Friday. Healthpeak Properties has a 1 year low of $16.64 and a 1 year high of $23.26. The firm has a 50 day moving average price of $17.60 and a 200 day moving average price of $19.27. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 1.94 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current year.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 11,337 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now directly owns 201,863 shares of the company’s stock, valued at approximately $3,568,937.84. The trade was a 5.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson purchased 5,700 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the acquisition, the director now directly owns 138,513 shares of the company’s stock, valued at $2,404,585.68. This represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 29,764 shares of company stock valued at $521,909 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of Healthpeak Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust’s stock worth $467,311,000 after purchasing an additional 3,967,830 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Healthpeak Properties by 6.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust’s stock worth $372,004,000 after purchasing an additional 1,129,924 shares during the period. Geode Capital Management LLC raised its holdings in shares of Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after purchasing an additional 638,012 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Healthpeak Properties by 18.5% during the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust’s stock worth $268,642,000 after purchasing an additional 2,070,416 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Healthpeak Properties by 32.6% during the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust’s stock worth $213,367,000 after purchasing an additional 2,590,530 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

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.