Healthpeak Properties (NYSE:DOC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Healthpeak Properties (NYSE:DOC) had its price target lifted by Robert W. Baird from $24.00 to $25.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 11.36% from the stock’s previous close.

Several other research analysts also recently commented on DOC. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Wedbush upped their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Scotiabank raised their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Evercore ISI boosted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada increased 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.79.

Healthpeak Properties Stock Down 1.2 %

Shares of DOC opened at $22.45 on Wednesday. The firm has a fifty day moving average price of $22.31 and a 200-day moving average price of $20.75. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $15.70 billion, a P/E ratio of 47.77, a P/E/G ratio of 3.30 and a beta of 1.14. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. Healthpeak Properties’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Equities research analysts expect that Healthpeak Properties will post 1.79 earnings per share for the current year.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Healthpeak Properties in the 2nd quarter valued at $66,000. Point72 DIFC Ltd acquired a new position in shares of Healthpeak Properties in the second quarter worth about $161,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Healthpeak Properties during the 2nd quarter worth about $9,024,000. Centaurus Financial Inc. acquired a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $227,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of Healthpeak Properties in the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.