Healthpeak Properties (NYSE:DOC) Lowered to “Sell” Rating by StockNews.com

Healthpeak Properties (NYSE:DOC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other equities research analysts also recently commented on DOC. Scotiabank dropped their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Wednesday, January 15th. Wedbush reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Healthpeak Properties in a report on Friday. Finally, Robert W. Baird reduced their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given 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 a consensus price target of $23.83.

Healthpeak Properties Price Performance

DOC stock traded up $0.50 during trading on Monday, hitting $18.66. 6,743,798 shares of the stock traded hands, compared to its average volume of 4,908,858. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 2.17 and a beta of 1.02. Healthpeak Properties has a one year low of $17.33 and a one year high of $23.26. The company has a 50 day simple moving average of $19.79 and a 200 day simple moving average of $20.81. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOC. Wellington Management Group LLP purchased a new position in shares of Healthpeak Properties in the third quarter valued at $1,599,000. National Bank of Canada FI bought a new stake in Healthpeak Properties during the 3rd quarter valued at about $69,000. Barclays PLC purchased a new stake in shares of Healthpeak Properties in the third quarter valued at approximately $35,078,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Healthpeak Properties in the third quarter valued at about $1,255,000. Finally, M&T Bank Corp purchased a new stake in shares of Healthpeak Properties in the 3rd quarter worth approximately $22,995,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

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.