Argus Research Keeps Their Buy Rating on Healthpeak Properties (DOC)

In a report released on May 7, Marie Ferguson from Argus Research reiterated a Buy rating on Healthpeak Properties (DOC – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $19.15.

Ferguson covers the Utilities sector, focusing on stocks such as Dominion Energy, Edison International, and Eversource Energy. According to TipRanks, Ferguson has an average return of 1.2% and a 50.00% success rate on recommended stocks.

In addition to Argus Research, Healthpeak Properties also received a Buy from Wedbush’s Richard Anderson in a report issued on May 3. However, on April 30, KeyBanc reiterated a Hold rating on Healthpeak Properties (NYSE: DOC).

The company has a one-year high of $20.98 and a one-year low of $14.49. Currently, Healthpeak Properties has an average volume of 7.72M.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOC in relation to earlier this year.

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Healthpeak Properties (DOC) Company Description:

Healthpeak Properties, Inc. is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Senior Housing Triple-Net, Senior Housing Operating Portfolio (SHOP), Life Science, and Medical Office. The Senior Housing Triple-Net and Operating Portfolio segments manage senior housing facilities, which include independent living, assisted living and memory care facilities, care homes, and continuing care retirement communities by utilizing triple-net leases and RIDEA structures. The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space, and outpatient services such as diagnostic centers, rehabilitation clinics, and day-surgery operating rooms. The company was founded in March 1985 and is headquartered in Irvine, CA.