Healthpeak Properties (NYSE:DOC) Upgraded by StockNews.com to “Hold”

Healthpeak Properties (NYSE:DOC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

DOC has been the topic of several other research reports. Mizuho restated a “buy” rating and issued a $22.00 target price on shares of Healthpeak Properties in a report on Monday, April 22nd. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a report on Friday, April 26th. Wedbush upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Bank of America upgraded shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and raised their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Finally, Wells Fargo & Company assumed coverage on shares of Healthpeak Properties in a research note on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.90.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.78 on Tuesday. The company has a market capitalization of $14.62 billion, a P/E ratio of 59.36, a price-to-earnings-growth ratio of 2.62 and a beta of 1.11. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $19.75 and a 200 day moving average of $17.12. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently modified their holdings of DOC. Parallel Advisors LLC raised its position in shares of Healthpeak Properties by 274.6% during the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the period. Quadrant Capital Group LLC raised its position in shares of Healthpeak Properties by 645.4% during the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 8,352 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $134,000. Koshinski Asset Management Inc. bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $146,000. Finally, Sapient Capital LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter valued at $152,000. 93.57% of the stock is currently owned by institutional investors.

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.