Evercore ISI Increases Healthpeak Properties (NYSE:DOC) Price Target to $26.00

Healthpeak Properties (NYSE:DOC) had its target price raised by analysts at Evercore ISI from $25.00 to $26.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 18.51% from the stock’s previous close.

Several other equities analysts have also issued reports on DOC. Royal Bank of Canada increased their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. StockNews.com raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised shares of Healthpeak Properties to a “hold” rating in a research report on Monday, August 12th. Finally, Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

Healthpeak Properties Stock Down 2.1 %

Shares of DOC opened at $21.94 on Monday. The company’s 50-day moving average price is $21.64 and its 200 day moving average price is $19.81. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.79. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The firm has a market cap of $15.44 billion, a P/E ratio of 62.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data 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 company had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, sell-side analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current year.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $34,883,000. Angelo Gordon & CO. L.P. purchased a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $3,713,000. UBS Group AG grew its position in shares of Healthpeak Properties by 56.5% during the fourth quarter. UBS Group AG now owns 526,676 shares of the real estate investment trust’s stock worth $7,010,000 after acquiring an additional 190,186 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Healthpeak Properties by 1,543.7% in the 4th quarter. Corient Private Wealth LLC now owns 164,613 shares of the real estate investment trust’s stock valued at $2,191,000 after acquiring an additional 154,598 shares during the period. Finally, APG Asset Management US Inc. purchased a new stake in Healthpeak Properties in the 4th quarter valued at $1,450,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.