StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

Healthpeak Properties (NYSE:DOC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued reports about the stock. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a research note on Friday. Wells Fargo & Company started coverage on shares of Healthpeak Properties in a research report on Monday, March 25th. They set an “equal weight” rating and a $19.00 price target on the stock. Compass Point lowered their price target on shares of Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Bank of America raised 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Hold” and a consensus target price of $18.36.

Healthpeak Properties Price Performance

NYSE:DOC opened at $18.80 on Friday. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38. The company has a market cap of $13.34 billion, a P/E ratio of 53.72, a P/E/G ratio of 1.81 and a beta of 1.02. The firm’s fifty day moving average price is $16.66 and its two-hundred day moving average price is $13.75. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67.

Hedge Funds Weigh In On Healthpeak Properties

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Healthpeak Properties by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,657,838 shares of the real estate investment trust’s stock valued at $68,969,000 after buying an additional 181,773 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Healthpeak Properties by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after purchasing an additional 239,972 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Healthpeak Properties by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust’s stock valued at $41,018,000 after purchasing an additional 65,814 shares in the last quarter. Norges Bank acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at approximately $34,883,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Healthpeak Properties by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,270,712 shares of the real estate investment trust’s stock valued at $30,223,000 after purchasing an additional 87,506 shares in the last quarter. 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.