Healthpeak Properties (NYSE:DOC) Stock Rating Lowered by Wall Street Zen

Healthpeak Properties (NYSE:DOC) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research analysts also recently commented on DOC. UBS Group lowered their price objective on shares of Healthpeak Properties from $21.50 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Cantor Fitzgerald reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. Barclays reduced their target price on Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Finally, Citigroup boosted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $21.47.

Healthpeak Properties Price Performance

DOC stock opened at $20.30 on Friday. The company’s 50-day moving average price is $19.74 and its two-hundred day moving average price is $19.20. The firm has a market cap of $13.99 billion, a P/E ratio of 37.58, a P/E/G ratio of 2.50 and a beta of 1.01. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.87. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.95.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41). The firm had revenue of $820.89 million for the quarter, compared to the consensus estimate of $739.18 million. Healthpeak Properties had a return on equity of 4.04% and a net margin of 12.32%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, analysts anticipate that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Healthpeak Properties

A number of hedge funds have recently made changes to their positions in the company. State Street Corp raised its position in shares of Healthpeak Properties by 92.3% in the 2nd quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock worth $1,995,928,000 after acquiring an additional 44,767,085 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Healthpeak Properties during the 2nd quarter valued at about $234,600,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Healthpeak Properties by 20,832.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,217,474 shares of the real estate investment trust’s stock valued at $133,054,000 after purchasing an additional 6,187,772 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Healthpeak Properties by 60.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock valued at $253,949,000 after purchasing an additional 5,815,189 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Healthpeak Properties by 83.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock valued at $166,095,000 after purchasing an additional 3,530,429 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities.

The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.

Based in Denver, Colorado, Healthpeak traces its history to a healthcare property company founded in 1985.