Healthpeak Properties (NYSE:DOC) Given New $24.00 Price Target at Robert W. Baird

Healthpeak Properties (NYSE:DOC) had its price target cut by stock analysts at Robert W. Baird from $25.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would indicate a potential upside of 23.27% from the company’s current price.

DOC has been the topic of several other research reports. Royal Bank of Canada lifted their price objective on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Mizuho reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.08.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $19.47 on Tuesday. 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 company has a market capitalization of $13.62 billion, a P/E ratio of 55.63, a P/E/G ratio of 2.18 and a beta of 1.15. The firm’s 50 day simple moving average is $20.46 and its two-hundred day simple moving average is $21.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Landscape Capital Management L.L.C. increased its position in Healthpeak Properties by 159.2% during the fourth quarter. Landscape Capital Management L.L.C. now owns 114,553 shares of the real estate investment trust’s stock valued at $2,322,000 after acquiring an additional 70,366 shares during the last quarter. Centersquare Investment Management LLC increased its position in Healthpeak Properties by 3.7% during the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after acquiring an additional 398,770 shares during the last quarter. Foundry Partners LLC increased its position in Healthpeak Properties by 23.1% during the fourth quarter. Foundry Partners LLC now owns 678,555 shares of the real estate investment trust’s stock valued at $13,754,000 after acquiring an additional 127,515 shares during the last quarter. Arete Wealth Advisors LLC increased its position in Healthpeak Properties by 24.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 25,029 shares of the real estate investment trust’s stock valued at $506,000 after acquiring an additional 4,986 shares during the last quarter. Finally, World Investment Advisors increased its position in Healthpeak Properties by 21.6% during the fourth quarter. World Investment Advisors now owns 15,491 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 2,748 shares during the last quarter. 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.