Robert W. Baird Has Lowered Expectations for Healthpeak Properties (NYSE:DOC) Stock Price

Healthpeak Properties (NYSE:DOC) had its price objective cut by analysts at Robert W. Baird from $21.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 14.38% from the stock’s previous close.

Other analysts also recently issued reports about the company. Raymond James Financial upgraded Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthpeak Properties in a report on Wednesday, October 8th. Morgan Stanley dropped their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price objective (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Finally, Wells Fargo & Company lowered their target price on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $20.82.

Healthpeak Properties Stock Performance

Shares of NYSE:DOC opened at $17.49 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.28 and a debt-to-equity ratio of 1.11. Healthpeak Properties has a 12 month low of $16.63 and a 12 month high of $22.71. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of -349.63, a PEG ratio of 3.84 and a beta of 1.10. The firm’s 50-day moving average is $18.37 and its 200 day moving average is $17.84.

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

Hedge Funds Weigh In On Healthpeak Properties

A number of large investors have recently added to or reduced their stakes in the company. Machina Capital S.A.S. raised its stake in shares of Healthpeak Properties by 62.8% during the 1st quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 14,336 shares during the period. Deutsche Bank AG increased its holdings in Healthpeak Properties by 0.3% in the 1st quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust’s stock worth $171,524,000 after acquiring an additional 23,136 shares in the last quarter. Foundry Partners LLC increased its holdings in Healthpeak Properties by 37.8% in the 1st quarter. Foundry Partners LLC now owns 934,894 shares of the real estate investment trust’s stock worth $18,904,000 after acquiring an additional 256,339 shares in the last quarter. LPL Financial LLC raised its position in Healthpeak Properties by 11.1% during the first quarter. LPL Financial LLC now owns 4,032,779 shares of the real estate investment trust’s stock worth $81,543,000 after acquiring an additional 404,372 shares during the period. Finally, Adelante Capital Management LLC lifted its holdings in Healthpeak Properties by 4,464.2% during the first quarter. Adelante Capital Management LLC now owns 1,189,069 shares of the real estate investment trust’s stock valued at $24,043,000 after purchasing an additional 1,163,017 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

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.