Whittier Trust Co. acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 4,060 shares of the real estate investment trust’s stock, valued at approximately $93,000.
Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $29,000. Riverview Trust Co bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $35,000. UMB Bank n.a. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $40,000. Mather Group LLC. bought a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $60,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Healthpeak Properties in the second quarter worth $66,000. 93.57% of the stock is currently owned by institutional investors.
Healthpeak Properties Stock Performance
Shares of Healthpeak Properties stock opened at $22.99 on Friday. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 65.69, a PEG ratio of 2.27 and a beta of 1.14. The firm’s 50-day moving average is $22.24 and its 200 day moving average is $20.64. Healthpeak Properties, Inc. has a 1 year low of $15.24 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $28.00 in a research note on Monday. Royal Bank of Canada lifted 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Wedbush lifted 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 Monday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.62.
Check Out Our Latest Stock Analysis on Healthpeak Properties
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.
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