Raymond James analyst Jonathan Hughes upgraded Healthpeak Properties (DOC) to Outperform from Market Perform with a $20 price target The firm cites the stock’s recent underperformance relative to peers, driven by a large Q2 occupancy decline in the life science segment, and expectations for limited downside to life science fundamentals going forward for the upgrade. Healthpeak shares trade at an attractive valuation given its “well-covered” 6.7% dividend yield, the analyst tells investors in a research note.
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