Wedbush Lowers Healthpeak Properties (NYSE:DOC) Price Target to $24.00

Healthpeak Properties (NYSE:DOC) had its target price lowered by research analysts at Wedbush from $27.00 to $24.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s target price points to a potential upside of 22.60% from the company’s current price.

A number of other equities analysts also recently weighed in on DOC. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Royal Bank of Canada upped their target price on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Finally, Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Healthpeak Properties Price Performance

NYSE DOC traded down $0.08 on Friday, reaching $19.58. The company’s stock had a trading volume of 1,153,796 shares, compared to its average volume of 4,725,493. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35. The stock has a market cap of $13.69 billion, a PE ratio of 55.93, a PEG ratio of 2.18 and a beta of 1.15. The firm’s 50 day moving average is $20.43 and its two-hundred day moving average is $21.48.

Institutional Trading of Healthpeak Properties

Several institutional investors and hedge funds have recently modified their holdings of DOC. AMF Tjanstepension AB bought a new position in shares of Healthpeak Properties during the third quarter worth about $15,548,000. Inspire Investing LLC acquired a new stake in Healthpeak Properties in the third quarter valued at approximately $286,000. Exchange Traded Concepts LLC purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $136,000. Creative Planning purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $4,390,000. Finally, NBC Securities Inc. purchased a new position in shares of Healthpeak Properties during the third quarter valued at approximately $70,000. 93.57% of the stock is currently owned by 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.