Healthpeak Properties (NYSE:DOC) PT Raised to $24.00

Healthpeak Properties (NYSE:DOC) had its price target raised by investment analysts at Scotiabank from $23.00 to $24.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 8.01% from the stock’s previous close.

DOC has been the subject of several other reports. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Evercore ISI raised their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company raised Healthpeak Properties to a “hold” rating in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

Healthpeak Properties Stock Performance

DOC stock opened at $22.22 on Monday. The stock has a market capitalization of $15.54 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. The stock’s 50 day simple moving average is $21.32 and its 200 day simple moving average is $19.34. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.67. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data 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 analysts’ expectations of $665.11 million. During the same period last year, the business earned $0.45 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. As a group, research analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Healthpeak Properties during the fourth quarter valued at about $34,883,000. Vanguard Personalized Indexing Management LLC purchased a new position in Healthpeak Properties in the 4th quarter worth approximately $892,000. AGF Management Ltd. lifted its holdings in Healthpeak Properties by 28.7% in the 4th quarter. AGF Management Ltd. now owns 286,381 shares of the real estate investment trust’s stock worth $3,812,000 after purchasing an additional 63,896 shares in the last quarter. APG Asset Management US Inc. bought a new position in Healthpeak Properties in the 4th quarter worth approximately $1,450,000. Finally, Gillson Capital LP purchased a new stake in Healthpeak Properties during the 4th quarter valued at approximately $1,261,000. Hedge funds and other institutional investors 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.