StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

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

DOC has been the topic of a number of other reports. 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 report on Tuesday, October 1st. Royal Bank of Canada boosted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Evercore ISI boosted 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, Citigroup upped their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.62.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $22.53 on Wednesday. The stock’s 50-day moving average is $22.27 and its 200 day moving average is $20.71. Healthpeak Properties 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. The company has a market cap of $15.85 billion, a P/E ratio of 64.36, a PEG ratio of 3.30 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. Research analysts predict that Healthpeak Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. HM Payson & Co. acquired a new position in Healthpeak Properties during the third quarter valued at $25,000. S.A. Mason LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $29,000. Fortitude Family Office LLC purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties during the third quarter worth about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.