Healthpeak Properties (NYSE:DOC) Upgraded at Morgan Stanley

Healthpeak Properties (NYSE:DOC) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $25.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective would suggest a potential upside of 24.19% from the company’s previous close.

DOC has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Wells Fargo & Company decreased their price target on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Mizuho decreased their target price on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Robert W. Baird boosted their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.15.

Healthpeak Properties Trading Up 0.6 %

Shares of DOC stock opened at $20.13 on Wednesday. Healthpeak Properties has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $21.02 and its two-hundred day moving average is $21.49. The firm has a market capitalization of $14.08 billion, a P/E ratio of 42.83, a PEG ratio of 2.31 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s revenue was up 25.9% on a year-over-year basis. Research analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its position in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares during the period. Mirador Capital Partners LP raised its stake in shares of Healthpeak Properties by 2.8% during the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 901 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Healthpeak Properties during the third quarter worth $25,000. S.A. Mason LLC purchased a new position in Healthpeak Properties in the 3rd quarter valued at $26,000. Finally, Harbor Capital Advisors Inc. increased its stake in Healthpeak Properties by 5.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 23,074 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 1,186 shares during the period. 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.