Healthpeak Properties (NYSE:DOC) Price Target Raised to $22.00 at Royal Bank of Canada

Healthpeak Properties (NYSE:DOC) had its price target raised by Royal Bank of Canada from $21.00 to $22.00 in a report released on Wednesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the real estate investment trust’s stock.

DOC has been the subject of several other reports. KeyCorp reissued a sector weight rating on shares of Healthpeak Properties in a report on Friday, January 5th. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They issued an equal weight rating and a $19.00 price target on the stock. StockNews.com upgraded shares of Healthpeak Properties from a sell rating to a hold rating in a research report on Friday, April 5th. Bank of America upgraded shares of Healthpeak Properties from an underperform rating to a buy rating and raised their price target for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Finally, Truist Financial reduced their price target on shares of Healthpeak Properties from $15.00 to $14.00 and set a hold rating on the stock in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $17.67.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $18.67 on Wednesday. The firm has a market cap of $13.25 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.87 and a beta of 1.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38. The firm has a fifty day moving average of $15.09 and a two-hundred day moving average of $13.21.

Institutional Trading of Healthpeak Properties

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Healthpeak Properties in the 1st quarter valued at about $27,000. Parallel Advisors LLC lifted its position in Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Healthpeak Properties by 99.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,237 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 2,614 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Healthpeak Properties by 42.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Worth Asset Management LLC bought a new stake in Healthpeak Properties in the 1st quarter valued at about $102,000. 93.57% of the stock is currently owned by institutional investors.

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.