Healthpeak Properties (NYSE:DOC) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Healthpeak Properties (NYSE:DOC) had its target price increased by analysts at Royal Bank Of Canada from $20.00 to $21.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential upside of 8.47% from the stock’s current price.

A number of other equities research analysts have also recently commented on DOC. Weiss Ratings raised shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Wells Fargo & Company reissued a “positive” rating on shares of Healthpeak Properties in a research note on Tuesday, February 3rd. Argus cut shares of Healthpeak Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 5th. Citigroup increased their price objective on shares of Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Robert W. Baird increased their price objective on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.92.

Healthpeak Properties Stock Performance

Shares of DOC opened at $19.36 on Thursday. The company has a 50-day simple moving average of $17.26 and a 200-day simple moving average of $17.21. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $13.35 billion, a PE ratio of 60.50, a P/E/G ratio of 2.70 and a beta of 1.00. Healthpeak Properties has a 52-week low of $15.70 and a 52-week high of $19.91.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $752.95 million for the quarter, compared to analysts’ expectations of $694.59 million. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. Equities research analysts predict that Healthpeak Properties will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the sale, the insider directly owned 7,636 shares of the company’s stock, valued at $148,520.20. This trade represents a 59.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Healthpeak Properties

Several hedge funds have recently modified their holdings of the company. Gateway Wealth Partners LLC acquired a new stake in shares of Healthpeak Properties during the 1st quarter worth about $232,000. OMERS ADMINISTRATION Corp boosted its position in shares of Healthpeak Properties by 24.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 36,703 shares of the real estate investment trust’s stock worth $603,000 after acquiring an additional 7,234 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Healthpeak Properties by 45.8% in the first quarter. Renaissance Technologies LLC now owns 813,568 shares of the real estate investment trust’s stock worth $13,367,000 after acquiring an additional 255,730 shares during the last quarter. Morningstar Investment Management LLC boosted its position in shares of Healthpeak Properties by 8.6% in the first quarter. Morningstar Investment Management LLC now owns 310,140 shares of the real estate investment trust’s stock worth $5,096,000 after acquiring an additional 24,595 shares during the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Healthpeak Properties in the first quarter worth approximately $328,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.