Robert W. Baird Issues Pessimistic Forecast for Healthpeak Properties (NYSE:DOC) Stock Price

Healthpeak Properties (NYSE:DOC) had its target price cut by investment analysts at Robert W. Baird from $21.00 to $20.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price would suggest a potential upside of 12.96% from the stock’s current price.

Several other research firms also recently commented on DOC. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Evercore ISI set a $22.00 price target on shares of Healthpeak Properties in a research note on Monday, September 15th. Scotiabank cut shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wells Fargo & Company cut their price objective on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Finally, Cantor Fitzgerald started coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.82.

Healthpeak Properties Stock Performance

NYSE DOC traded down $0.20 during trading on Wednesday, reaching $17.71. 2,035,695 shares of the company’s stock were exchanged, compared to its average volume of 6,608,850. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. The business has a 50 day moving average price of $18.38 and a 200-day moving average price of $17.84. The stock has a market capitalization of $12.30 billion, a P/E ratio of -354.03, a PEG ratio of 3.84 and a beta of 1.10. Healthpeak Properties has a fifty-two week low of $16.63 and a fifty-two week high of $22.71.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Sell-side analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group increased its stake in Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 873 shares during the period. Mather Group LLC. bought a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $25,000. City Holding Co. acquired a new stake in shares of Healthpeak Properties during the 3rd quarter worth $26,000. TCTC Holdings LLC increased its position in shares of Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 751 shares during the period. Finally, Dagco Inc. bought a new position in shares of Healthpeak Properties in the first quarter worth $30,000. 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.