Healthpeak Properties (NYSE:DOC) Upgraded by StockNews.com to Hold Rating

Healthpeak Properties (NYSE:DOC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts have also commented on DOC. Scotiabank lowered their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Wedbush cut their price objective on Healthpeak Properties from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Mizuho reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.92.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $20.02 on Friday. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50-day moving average of $20.24 and a 200 day moving average of $21.16. Healthpeak Properties has a 12 month low of $17.45 and a 12 month high of $23.26.

Hedge Funds Weigh In On Healthpeak Properties

Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $28,000. Harvest Fund Management Co. Ltd acquired a new stake in Healthpeak Properties during the 4th quarter worth $30,000. Avior Wealth Management LLC purchased a new stake in Healthpeak Properties in the third quarter valued at $37,000. Covestor Ltd boosted its stake in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Healthpeak Properties during the third quarter worth about $42,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

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.