Healthpeak Properties (NYSE:DOC) Earns Equal Weight Rating from Wells Fargo & Company

Healthpeak Properties (NYSE:DOC)‘s stock had its “equal weight” rating reissued by equities research analysts at Wells Fargo & Company in a research note issued on Tuesday, Benzinga reports. They presently have a $23.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $22.00. Wells Fargo & Company‘s target price indicates a potential upside of 2.04% from the stock’s previous close.

Several other analysts also recently commented on the company. Scotiabank raised their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Wedbush raised their target price 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. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Thursday, September 26th. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, Citigroup lifted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $22.17.

Healthpeak Properties Trading Down 1.4 %

Shares of Healthpeak Properties stock traded down $0.33 during trading on Tuesday, reaching $22.54. 551,523 shares of the company were exchanged, compared to its average volume of 5,788,170. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $23.14. The business has a 50-day moving average price of $21.96 and a 200-day moving average price of $20.13. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 64.40, a P/E/G ratio of 2.36 and a beta of 1.14.

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

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Healthpeak Properties during the second quarter worth approximately $66,000. Parallel Advisors LLC raised its stake 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 valued at $54,000 after acquiring an additional 2,985 shares during the period. Point72 DIFC Ltd bought a new stake in Healthpeak Properties in the 2nd quarter valued at $161,000. Centaurus Financial Inc. acquired a new stake in Healthpeak Properties during the 2nd quarter valued at $227,000. Finally, Novak & Powell Financial Services Inc. acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at $206,000. 93.57% of the stock is owned by 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.