Wells Fargo & Company Forecasts Strong Price Appreciation for Healthpeak Properties (NYSE:DOC) Stock

Healthpeak Properties (NYSE:DOC) had its price objective hoisted by research analysts at Wells Fargo & Company from $18.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 4.54% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Raymond James Financial upgraded shares of Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Monday, September 15th. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Morgan Stanley reduced their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price target (down previously from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Finally, Scotiabank downgraded Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.91.

Healthpeak Properties Stock Performance

Shares of DOC traded up $0.33 on Tuesday, reaching $18.18. 1,279,020 shares of the company’s stock traded hands, compared to its average volume of 6,599,246. The stock’s 50 day simple moving average is $18.28 and its two-hundred day simple moving average is $17.84. The stock has a market cap of $12.63 billion, a PE ratio of -363.43, a PEG ratio of 3.84 and a beta of 1.10. Healthpeak Properties has a 52-week low of $16.63 and a 52-week high of $22.71. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The business had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DOC. Mather Group LLC. bought a new stake in Healthpeak Properties during the 3rd quarter valued at $25,000. City Holding Co. purchased a new position in shares of Healthpeak Properties in the third quarter valued at $26,000. TCTC Holdings LLC raised its stake in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 751 shares during the period. Brooklyn Investment Group raised its stake in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 873 shares during the period. Finally, Rexford Capital Inc. purchased a new stake in Healthpeak Properties during the 2nd quarter worth about $28,000. 93.57% of the stock is owned by 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.