Wedbush has recently raised Healthpeak Properties Inc (DOC) stock to Outperform rating, as announced on May 3, 2024, according to Finviz. Earlier, on April 26, 2024, Exane BNP Paribas had raised the stock from a Neutral to Outperform, setting a price target of $21. for DOC stock. Mizuho also resumed Buy rating with a price target of $22. Additionally, BofA Securities raised Buy rating on April 1, 2024, with a target price of $25. Wells Fargo analysts, in their report published on March 25, 2024, also resumed Equal Weight rating and set a price target of $19 for Healthpeak Properties Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Healthpeak Properties Inc (DOC) Stock Trading Recap
On Tuesday, Healthpeak Properties Inc (DOC) stock saw a decline, ending the day at $22.2 which represents a decrease of $-0.08 or -0.36% from the prior close of $22.28. The stock opened at $22.11 and touched a low of $22.07 during the day, reaching a high of $22.32. The volume of shares traded was 6.74 million exceeding the average volume of 4.50 million.
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DOC Stock Performance and Moving Averages
In recent trading, Healthpeak Properties Inc (DOC) stock price has shown some volatility, fluctuating -1.29% over the last five trades and 3.06% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 31.75%, and it has gained 12.29% in the previous three months. Currently, DOC is trading at 1.86%, 5.78%, and 15.90% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DOC, a Real Estate sector stock, is trading -2.05% below its 52-week high but remains 45.67% above its 52-week low. The Average True Range (ATR) (14 days) of 0.39 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Healthpeak Properties Inc’s Profitability and Valuation Ratios
Healthpeak Properties Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 18.92% and a profit margin of 11.91%, with a gross margin of 31.75%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Healthpeak Properties Inc’s market capitalization stands at $15.52 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 47.78, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 87.92. Additionally, the Price-to-Sales Ratio is 6.44, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.78, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.31% of Healthpeak Properties Inc (DOC)’s shares, while financial institutions hold 95.01%.
Notable insider trades include Becker Laurie P, SVP – Controller at Healthpeak Properties Inc (DOC), who sold 22322 shares on Sep 14 ’23, at $13.47 each, totaling $0.30 million.
