StockNews.com Downgrades Healthpeak Properties (NYSE:DOC) to Sell

Healthpeak Properties (NYSE:DOC) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other research analysts have also issued research reports about the stock. Compass Point dropped their price target on shares of 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 upgraded shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and increased their price target for the stock from $18.00 to $25.00 in a research note on Monday, April 1st. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Friday. Mizuho reiterated a “buy” rating and issued a $22.00 target price on shares of Healthpeak Properties in a research note on Monday, April 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Healthpeak Properties in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.36.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.80 on Friday. The company’s fifty day moving average is $16.66 and its 200-day moving average is $13.75. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $22.38. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Institutional Trading of Healthpeak Properties

Several hedge funds and other institutional investors have recently bought and sold shares of DOC. Parallel Advisors LLC grew its position in Healthpeak Properties by 274.6% in the 4th quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,985 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Healthpeak Properties by 42.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,750 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,712 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Healthpeak Properties during the 3rd quarter worth about $124,000. Quadrant Capital Group LLC lifted its holdings in shares of Healthpeak Properties by 645.4% during the 4th quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 8,352 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Healthpeak Properties during the 4th quarter worth about $134,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.