Healthpeak Properties (NYSE:DOC) Raised to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a buy rating in a research note published on Monday, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $28.00 price target on the real estate investment trust’s stock, up from their prior price target of $20.00.

DOC has been the subject of several other research reports. Wedbush boosted 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. Royal Bank of Canada upped their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Citigroup raised their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. 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. Finally, Scotiabank increased their price target on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.62.

Healthpeak Properties Stock Down 0.6 %

Shares of NYSE DOC opened at $22.99 on Monday. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.26. The stock’s fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $20.64. The stock has a market capitalization of $16.18 billion, a PE ratio of 65.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. Healthpeak Properties’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, analysts expect that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Institutional Trading of Healthpeak Properties

Hedge funds have recently modified their holdings of the stock. Douglas Lane & Associates LLC acquired a new position in Healthpeak Properties in the third quarter valued at approximately $33,947,000. Foresight Group Ltd Liability Partnership acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $33,212,000. Raymond James & Associates acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at $25,711,000. Presima Securities ULC purchased a new stake in Healthpeak Properties during the third quarter worth $22,465,000. Finally, AMF Tjanstepension AB acquired a new stake in Healthpeak Properties during the third quarter valued at $15,548,000. 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.