Healthpeak Properties (NYSE:DOC) Given New $22.00 Price Target at Wells Fargo & Company

Healthpeak Properties (NYSE:DOC) had its target price cut by analysts at Wells Fargo & Company from $23.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 1.57% from the company’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Monday, October 21st. Scotiabank raised their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Finally, Citigroup raised their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

Healthpeak Properties Price Performance

NYSE DOC traded down $0.04 on Tuesday, hitting $21.66. 1,409,325 shares of the company were exchanged, compared to its average volume of 5,649,374. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a market cap of $15.15 billion, a P/E ratio of 46.09, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $22.04 and a two-hundred day moving average of $21.32.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. HM Payson & Co. bought a new stake in Healthpeak Properties in the third quarter worth approximately $25,000. S.A. Mason LLC bought a new position in Healthpeak Properties in the third quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $33,000. 93.57% of the stock is currently owned by institutional investors.

About Healthpeak Properties

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.