Healthpeak Properties, Inc. (NYSE:DOC) Given Consensus Recommendation of “Hold” by Brokerages

Healthpeak Properties, Inc. (NYSE:DOC) has earned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.67.

DOC has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. KeyCorp reaffirmed a “sector weight” rating on shares of Healthpeak Properties in a report on Friday, January 5th. 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 report on Tuesday, January 2nd. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price target on the stock. Finally, Truist Financial lowered their target price on shares of Healthpeak Properties from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, December 22nd.

Healthpeak Properties Price Performance

NYSE:DOC opened at $17.97 on Friday. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 1.78 and a beta of 1.02. The firm’s fifty day moving average is $15.84 and its two-hundred day moving average is $13.45.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Healthpeak Properties by 1.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 64,154 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 689 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Healthpeak Properties by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 59,900 shares of the real estate investment trust’s stock worth $901,000 after purchasing an additional 793 shares during the last quarter. Amalgamated Bank raised its position in shares of Healthpeak Properties by 0.6% during the 4th quarter. Amalgamated Bank now owns 136,805 shares of the real estate investment trust’s stock worth $1,821,000 after purchasing an additional 854 shares during the last quarter. Arizona State Retirement System raised its holdings in Healthpeak Properties by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 67,879 shares of the real estate investment trust’s stock valued at $827,000 after acquiring an additional 877 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in Healthpeak Properties by 2.2% in the 4th quarter. Vident Investment Advisory LLC now owns 41,335 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 903 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.