Healthpeak Properties (NYSE:DOC) Price Target Increased to $22.00 by Analysts at Royal Bank of Canada

Healthpeak Properties (NYSE:DOC - Get Free Report) had its price objective upped by investment analysts at Royal Bank of Canada from $21.00 to $22.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Royal Bank of Canada's target price suggests a potential upside of 17.84% from the stock's previous close.

Other analysts also recently issued research reports about the company. Wells Fargo & Company initiated coverage on Healthpeak Properties in a report on Monday, March 25th. They set an "equal weight" rating and a $19.00 price objective on the stock. Bank of America raised Healthpeak Properties from an "underperform" rating to a "buy" rating and lifted their target price for the company from $18.00 to $25.00 in a research note on Monday, April 1st. Compass Point lowered their target price on Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, January 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Healthpeak Properties in a research note on Friday, January 5th. Finally, Truist Financial lowered their target price on Healthpeak Properties from $15.00 to $14.00 and set a "hold" rating on the stock in a research note on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.67.

Healthpeak Properties Trading Down 3.5 %

NYSE DOC traded down $0.67 on Wednesday, hitting $18.67. 5,602,148 shares of the company were exchanged, compared to its average volume of 7,568,418. The company's 50 day moving average price is $15.09 and its 200-day moving average price is $13.21. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $13.25 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.02. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38.

Institutional Investors Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC lifted its holdings in Healthpeak Properties by 31.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 386,844 shares of the real estate investment trust's stock worth $4,716,000 after purchasing an additional 92,966 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Healthpeak Properties in the 3rd quarter worth approximately $741,000. Employees Retirement System of Texas lifted its holdings in Healthpeak Properties by 39.5% in the 3rd quarter. Employees Retirement System of Texas now owns 212,000 shares of the real estate investment trust's stock worth $2,584,000 after purchasing an additional 60,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in Healthpeak Properties by 2.0% in the 3rd quarter. American Century Companies Inc. now owns 3,364,875 shares of the real estate investment trust's stock worth $41,018,000 after purchasing an additional 65,814 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Healthpeak Properties by 9.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,183,206 shares of the real estate investment trust's stock worth $26,613,000 after purchasing an additional 196,861 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.