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

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

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted 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. Compass Point cut their price target on Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, January 2nd. Wells Fargo & Company assumed coverage on Healthpeak Properties in a report on Monday, March 25th. They issued an “equal weight” rating and a $19.00 price target for the company. BNP Paribas upgraded Healthpeak Properties from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $21.00 in a report on Friday. Finally, Mizuho reiterated a “buy” rating and issued a $22.00 price target on shares of Healthpeak Properties in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.36.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock traded up $0.48 during trading on Friday, hitting $18.82. 7,081,718 shares of the company were exchanged, compared to its average volume of 7,275,178. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 1.84 and a beta of 1.02. The firm has a 50 day moving average price of $16.66 and a 200 day moving average price of $13.74.

Institutional Trading of Healthpeak Properties

A number of institutional investors and hedge funds have recently made changes to their positions in DOC. SG Americas Securities LLC increased its holdings in shares of Healthpeak Properties by 353.7% during the 3rd quarter. SG Americas Securities LLC now owns 125,969 shares of the real estate investment trust’s stock worth $1,536,000 after buying an additional 98,207 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Healthpeak Properties by 10,057.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 41,239 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 40,833 shares in the last quarter. Oak Thistle LLC acquired a new stake in Healthpeak Properties in the 3rd quarter valued at $154,000. Harbor Capital Advisors Inc. increased its holdings in Healthpeak Properties by 9.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 146,526 shares of the real estate investment trust’s stock valued at $1,786,000 after purchasing an additional 12,820 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in Healthpeak Properties by 31.9% in the 3rd quarter. Tectonic Advisors LLC now owns 251,300 shares of the real estate investment trust’s stock valued at $3,063,000 after purchasing an additional 60,766 shares in the last quarter. 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.