Healthpeak Properties, Inc. (NYSE:DOC) Short Interest Update

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 10,720,000 shares, a growth of 10.5% from the March 15th total of 9,700,000 shares. Based on an average daily trading volume, of 7,790,000 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

DOC has been the subject of a number of recent research reports. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Friday, April 5th. Compass Point reduced their price target 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. Bank of America raised Healthpeak Properties from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Royal Bank of Canada upped their price target on Healthpeak Properties from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Finally, KeyCorp reissued a "sector weight" rating on shares of Healthpeak Properties in a report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.67.

Institutional Trading of Healthpeak Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Healthpeak Properties by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 33,504,079 shares of the real estate investment trust's stock valued at $503,902,000 after acquiring an additional 142,111 shares during the period. State Street Corp increased its position in Healthpeak Properties by 3.8% in the 2nd quarter. State Street Corp now owns 12,512,906 shares of the real estate investment trust's stock valued at $175,056,000 after acquiring an additional 452,288 shares during the period. Bank of New York Mellon Corp increased its position in Healthpeak Properties by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,657,838 shares of the real estate investment trust's stock valued at $68,969,000 after acquiring an additional 181,773 shares during the period. Geode Capital Management LLC increased its position in Healthpeak Properties by 3.6% in the 1st quarter. Geode Capital Management LLC now owns 4,929,566 shares of the real estate investment trust's stock valued at $73,598,000 after acquiring an additional 169,830 shares during the period. Finally, Macquarie Group Ltd. increased its position in Healthpeak Properties by 2.0% in the 1st quarter. Macquarie Group Ltd. now owns 4,820,208 shares of the real estate investment trust's stock valued at $71,966,000 after acquiring an additional 92,216 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Trading Down 1.2 %

Shares of DOC traded down $0.22 during midday trading on Monday, hitting $18.30. 5,117,909 shares of the stock were exchanged, compared to its average volume of 7,480,837. Healthpeak Properties has a 52-week low of $15.24 and a 52-week high of $22.38. The stock has a fifty day simple moving average of $15.48 and a 200 day simple moving average of $13.35. The firm has a market cap of $12.99 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.82 and a beta of 1.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

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.