Morgan Stanley Upgrades Healthpeak Properties (NYSE:DOC) to “Overweight”

Healthpeak Properties (NYSE:DOC) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $25.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective would suggest a potential upside of 20.81% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Mizuho reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Finally, 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 report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Stock Up 1.8 %

DOC opened at $20.69 on Wednesday. The company has a market capitalization of $14.47 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. Healthpeak Properties has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The business has a 50-day moving average of $20.94 and a 200-day moving average of $21.48.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. Healthpeak Properties’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Equities research analysts forecast that Healthpeak Properties will post 1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Healthpeak Properties by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 968 shares during the period. HB Wealth Management LLC raised its holdings in Healthpeak Properties by 85.1% in the 4th quarter. HB Wealth Management LLC now owns 16,414 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 7,546 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $506,000. Goldstone Financial Group LLC grew its holdings in shares of Healthpeak Properties by 19.3% during the 4th quarter. Goldstone Financial Group LLC now owns 11,078 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Healthpeak Properties by 2.8% during the 4th quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 901 shares in the last quarter. 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.