Healthpeak Properties (NYSE:DOC) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a sell rating in a report issued on Friday morning.

Other analysts have also recently issued reports about the stock. Mizuho restated a buy rating and set a $22.00 target price on shares of Healthpeak Properties in a research report on Monday, April 22nd. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. KeyCorp restated a sector weight rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Compass Point decreased their target price on shares of Healthpeak Properties from $19.00 to $18.00 and set a buy rating on the stock in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Company started coverage on shares of Healthpeak Properties in a report on Monday, March 25th. They set an equal weight rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of Hold and an average target price of $18.36.

Healthpeak Properties Stock Up 2.6 %

Shares of DOC stock opened at $18.82 on Friday. The stock has a market cap of $13.35 billion, a P/E ratio of 53.77, a PEG ratio of 1.81 and a beta of 1.02. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $22.38. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $16.66 and its two-hundred day simple moving average is $13.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DOC. Parallel Advisors LLC raised its holdings in shares of Healthpeak Properties by 274.6% in the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,985 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Healthpeak Properties by 42.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,712 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Healthpeak Properties in the third quarter worth $124,000. Quadrant Capital Group LLC increased its stake in shares of Healthpeak Properties by 645.4% in the fourth quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth $134,000. 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.