Morgan Stanley Upgrades Healthpeak Properties (NYSE:DOC) to Overweight

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,Briefing.com Automated Import reports. The brokerage presently has a $25.00 price objective on the real estate investment trust’s stock. Morgan Stanley’s target price would suggest a potential upside of 24.19% from the company’s current price.

Several other brokerages also recently commented on DOC. Robert W. Baird increased their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $24.15.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $20.13 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties has a 52 week low of $16.01 and a 52 week high of $23.26. The company has a market cap of $14.08 billion, a PE ratio of 42.83, a P/E/G ratio of 2.31 and a beta of 1.14. The business has a 50 day moving average of $21.02 and a 200 day moving average of $21.49.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period last year, the business earned $0.45 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current year.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently bought and sold shares of DOC. HM Payson & Co. purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at about $25,000. S.A. Mason LLC acquired a new stake in Healthpeak Properties during the third quarter worth about $26,000. Rise Advisors LLC purchased a new position in Healthpeak Properties during the third quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in Healthpeak Properties in the third quarter valued at approximately $32,000. Finally, Barrett & Company Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $33,000. 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.