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

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

A number of other research analysts also recently weighed in on DOC. Royal Bank of Canada upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Wedbush upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Scotiabank upped their price target 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. Evercore ISI upped their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.17.

Healthpeak Properties Stock Up 1.4 %

Shares of Healthpeak Properties stock opened at $22.63 on Friday. Healthpeak Properties has a one year low of $15.24 and a one 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. The stock’s 50-day moving average is $22.16 and its 200 day moving average is $20.52. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 64.66, a PEG ratio of 2.27 and a beta of 1.14.

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

Institutional Trading of Healthpeak Properties

A number of institutional investors and hedge funds have recently modified their holdings of DOC. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $29,000. Riverview Trust Co purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $35,000. UMB Bank n.a. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $40,000. Mather Group LLC. purchased a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $60,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Healthpeak Properties during the second quarter valued at approximately $66,000. 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.