Healthpeak Properties (NYSE:DOC) Raised to Overweight at Morgan Stanley

Healthpeak Properties (NYSE:DOC) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $25.00 target price on the real estate investment trust’s stock. Morgan Stanley’s price objective would indicate a potential upside of 20.81% from the company’s previous close.

DOC has been the subject of several other research reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Mizuho lowered their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research note on Monday, October 21st. Finally, Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $20.69 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.31 and a current ratio of 1.31. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The firm’s 50-day simple moving average is $20.94 and its 200-day simple moving average is $21.48. The firm has a market cap of $14.47 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last released 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 firm had revenue of $700.40 million for the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Equities analysts forecast that Healthpeak Properties will post 1.81 earnings per share for the current fiscal year.

Institutional Trading of Healthpeak Properties

Several hedge funds and other institutional investors have recently modified their holdings of DOC. MassMutual Private Wealth & Trust FSB lifted its stake in Healthpeak Properties by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,697 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 968 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Healthpeak Properties by 85.1% in the 4th quarter. HB Wealth Management LLC now owns 16,414 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 7,546 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth approximately $506,000. Goldstone Financial Group LLC boosted its holdings in shares of Healthpeak Properties by 19.3% during the fourth quarter. Goldstone Financial Group LLC now owns 11,078 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 1,793 shares during the period. Finally, Mirador Capital Partners LP boosted its holdings in shares of Healthpeak Properties by 2.8% during the fourth quarter. Mirador Capital Partners LP now owns 33,132 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 901 shares during the period. 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.