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

StockNews.com downgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a research note released on Saturday morning.

DOC has been the topic of several other reports. Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a report on Monday, September 9th. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wedbush upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, 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 report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Trading Up 1.1 %

Shares of NYSE DOC opened at $22.43 on Friday. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $23.14. The business has a fifty day moving average price of $22.19 and a 200 day moving average price of $20.60. The stock has a market capitalization of $15.79 billion, a P/E ratio of 64.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $665.11 million. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. Equities research analysts expect that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Healthpeak Properties during the 3rd quarter worth about $29,000. Riverview Trust Co purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $35,000. UMB Bank n.a. purchased a new stake in shares of Healthpeak Properties in the third quarter worth about $40,000. Mather Group LLC. acquired a new stake in Healthpeak Properties during the third quarter worth about $60,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Healthpeak Properties during the second quarter valued at approximately $66,000. 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.