Healthpeak Properties (NYSE:DOC) Upgraded at Deutsche Bank Aktiengesellschaft

Healthpeak Properties (NYSE:DOC) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Monday, Benzinga reports. The brokerage currently has a $28.00 price target on the real estate investment trust’s stock, up from their prior price target of $20.00. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 23.67% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI upped their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Citigroup lifted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.62.

Healthpeak Properties Stock Performance

DOC opened at $22.64 on Monday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 2.27 and a beta of 1.14. The firm’s fifty day simple moving average is $22.16 and its two-hundred day simple moving average is $20.55. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $23.14.

Healthpeak Properties (NYSE:DOC) last posted 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 firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Institutional Trading of Healthpeak Properties

Several hedge funds have recently modified their holdings of DOC. Rise Advisors LLC acquired a new position in Healthpeak Properties during the 3rd quarter worth $29,000. Riverview Trust Co purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $35,000. UMB Bank n.a. acquired a new position in shares of Healthpeak Properties during the third quarter worth about $40,000. Mather Group LLC. purchased a new stake in shares of Healthpeak Properties during the third quarter worth approximately $60,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $67,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.