Healthpeak Properties (NYSE:DOC) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a buy rating in a report released on Monday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $28.00 target price on the real estate investment trust’s stock, up from their previous target price of $20.00.

A number of other analysts also recently commented on DOC. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Wedbush lifted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Scotiabank boosted their price target on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.62.

Healthpeak Properties Trading Up 3.1 %

NYSE:DOC opened at $23.12 on Monday. 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 business’s 50 day moving average is $22.21 and its two-hundred day moving average is $20.62. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $23.15. The company has a market cap of $16.27 billion, a PE ratio of 66.06, a P/E/G ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last posted 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). The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. Healthpeak Properties’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, analysts predict that Healthpeak Properties will post 1.8 EPS for the current year.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties during the third quarter worth $29,000. Riverview Trust Co acquired a new position in Healthpeak Properties in the 3rd quarter worth about $35,000. UMB Bank n.a. bought a new position in Healthpeak Properties in the third quarter valued at about $40,000. Cromwell Holdings LLC acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $52,000. Finally, Mather Group LLC. bought a new stake in shares of Healthpeak Properties during the third quarter worth about $60,000. Institutional investors own 93.57% of the company’s stock.

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.