Healthpeak Properties (NYSE:DOC) Given New $25.00 Price Target at Robert W. Baird

Healthpeak Properties (NYSE:DOCGet Free Report) had its price target upped by analysts at Robert W. Baird from $24.00 to $25.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 11.36% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Scotiabank upped their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. Evercore ISI increased their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wedbush lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.79.

Read Our Latest Stock Report on Healthpeak Properties

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $22.45 on Wednesday. The firm has a 50-day simple moving average of $22.31 and a 200-day simple moving average of $20.75. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOCGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. Healthpeak Properties’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts predict that Healthpeak Properties will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DOC. abrdn plc purchased a new stake in Healthpeak Properties in the third quarter valued at $62,670,000. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties during the third quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $33,212,000. Asset Management One Co. Ltd. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $29,934,000. Finally, Raymond James & Associates purchased a new position in Healthpeak Properties during the 3rd quarter worth approximately $25,711,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

About Healthpeak Properties

(Get Free Report)

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.

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Analyst Recommendations for Healthpeak Properties (NYSE:DOC)

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