Healthpeak Properties (NYSE:DOC) Price Target Lowered to $24.00 at Wedbush

Healthpeak Properties (NYSE:DOC) had its price objective dropped by stock analysts at Wedbush from $27.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s price target suggests a potential upside of 22.60% from the stock’s previous close.

A number of other brokerages also recently commented on DOC. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a report on Monday, October 21st. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Wednesday, January 15th. Mizuho decreased their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Healthpeak Properties Trading Down 0.4 %

Shares of NYSE:DOC traded down $0.08 during trading hours on Friday, hitting $19.58. 1,153,796 shares of the company’s stock traded hands, compared to its average volume of 4,725,493. The business has a fifty day moving average price of $20.43 and a 200-day moving average price of $21.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.31. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The firm has a market capitalization of $13.69 billion, a P/E ratio of 55.93, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Institutional Trading of Healthpeak Properties

Several institutional investors have recently made changes to their positions in DOC. Integrated Wealth Concepts LLC lifted its stake in Healthpeak Properties by 11.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 16,853 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 1,700 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Healthpeak Properties by 6.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 14,113 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 840 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock valued at $350,021,000 after buying an additional 1,651,235 shares during the period. MGO One Seven LLC boosted its stake in shares of Healthpeak Properties by 11.1% in the 4th quarter. MGO One Seven LLC now owns 21,172 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in Healthpeak Properties by 8.2% during the 4th quarter. Pinebridge Investments L.P. now owns 313,428 shares of the real estate investment trust’s stock worth $6,353,000 after buying an additional 23,848 shares in the last quarter. 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.