Healthpeak Properties (NYSE:DOC) PT Raised to $22.00 at Citigroup

Healthpeak Properties (NYSE:DOC) had its price target boosted by Citigroup from $20.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would indicate a potential downside of 0.23% from the stock’s previous close.

A number of other analysts have also commented on the stock. Wedbush boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $21.00 in a research report on Friday, April 26th. Royal Bank of Canada boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company raised shares of Healthpeak Properties to a “hold” rating in a research report on Monday, August 12th. Finally, Scotiabank boosted their price objective on shares of Healthpeak Properties from $22.00 to $23.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.36.

Healthpeak Properties Stock Up 0.7 %

Shares of Healthpeak Properties stock traded up $0.16 on Thursday, hitting $22.05. The company had a trading volume of 740,454 shares, compared to its average volume of 5,831,024. The firm has a market capitalization of $15.52 billion, a P/E ratio of 63.00, a P/E/G ratio of 2.71 and a beta of 1.11. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.19. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a 50-day moving average of $20.60 and a 200-day moving average of $18.32.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Research analysts predict that Healthpeak Properties will post 1.79 earnings per share for the current year.

Institutional Trading of Healthpeak Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Healthpeak Properties by 274.6% in the fourth quarter. Parallel Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,985 shares during the period. Quadrant Capital Group LLC raised its position in shares of Healthpeak Properties by 645.4% in the fourth quarter. Quadrant Capital Group LLC now owns 9,646 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 8,352 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $153,000. International Assets Investment Management LLC raised its position in shares of Healthpeak Properties by 1,231.0% in the fourth quarter. International Assets Investment Management LLC now owns 12,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 11,214 shares during the period. Finally, Sapient Capital LLC bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $165,000. 93.57% of the stock is 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.