Healthpeak Properties (NYSE:DOC) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties (NYSE:DOC) from a hold rating to a buy rating in a research note released on Monday morning, Marketbeat.com reports. The firm currently has $28.00 target price on the real estate investment trust’s stock, up from their previous target price of $20.00.

A number of other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Evercore ISI upped their price objective 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. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Citigroup boosted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Finally, Wedbush increased their price target on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Price Performance

NYSE:DOC opened at $22.99 on Monday. The stock has a 50 day moving average of $22.24 and a two-hundred day moving average of $20.64. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $23.26. The firm has a market cap of $16.18 billion, a P/E ratio of 65.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, analysts expect that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Healthpeak Properties

Large investors have recently modified their holdings of the business. Douglas Lane & Associates LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth about $33,947,000. Foresight Group Ltd Liability Partnership purchased a new position in Healthpeak Properties during the third quarter worth about $33,212,000. Raymond James & Associates acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $25,711,000. Presima Securities ULC purchased a new stake in shares of Healthpeak Properties in the 3rd quarter valued at approximately $22,465,000. Finally, AMF Tjanstepension AB acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $15,548,000. 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.