Healthpeak Properties (NYSE:DOC) Price Target Lowered to $21.00 at Evercore ISI

Healthpeak Properties (NYSE:DOC - Get Free Report) had its target price dropped by Evercore ISI from $23.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price points to a potential upside of 18.97% from the stock's current price.

Several other analysts also recently commented on the company. Scotiabank lowered their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Robert W. Baird lowered their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. Finally, Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $23.45.

Healthpeak Properties Trading Down 1.0 %

NYSE DOC traded down $0.18 on Monday, reaching $17.65. The company had a trading volume of 477,621 shares, compared to its average volume of 5,090,220. Healthpeak Properties has a fifty-two week low of $17.33 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day moving average of $19.57 and a two-hundred day moving average of $20.56. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 50.44, a P/E/G ratio of 2.17 and a beta of 1.02.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Analysts forecast that Healthpeak Properties will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the fourth quarter worth approximately $30,000. Future Financial Wealth Managment LLC bought a new stake in Healthpeak Properties in the 1st quarter worth approximately $30,000. S.A. Mason LLC boosted its stake in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after buying an additional 925 shares during the last quarter. Finally, Covestor Ltd boosted its position in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,152 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other 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.

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