Healthpeak Properties (NYSE:DOC) Rating Lowered to Sell at StockNews.com

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

A number of other research firms have also recently commented on DOC. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. 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. Citigroup raised their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upgraded shares of Healthpeak Properties to a “hold” rating in a research report on Monday, August 12th. Finally, Wedbush raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

Healthpeak Properties Trading Up 0.4 %

Shares of NYSE:DOC opened at $22.60 on Thursday. The business’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $20.02. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $23.14. 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 capitalization of $15.90 billion, a P/E ratio of 64.57, a P/E/G ratio of 2.36 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, research analysts anticipate that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Institutional Trading of Healthpeak Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new position in Healthpeak Properties during the 2nd quarter worth about $227,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Healthpeak Properties during the second quarter worth about $9,024,000. Point72 DIFC Ltd acquired a new position in shares of Healthpeak Properties in the second quarter worth approximately $161,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties in the 2nd quarter worth approximately $66,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Healthpeak Properties by 36.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,793 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 6,354 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.