BMO Capital raised the firm's price target on Healthpeak Properties to $24 from $20 and keeps an Outperform rating on the shares as part of a broader research note on US Real Estate and Skilled Nursing Facilities. BMO notes that it's hard to have a firm view on the merits of the allegations, but the firm is taking to heart that REITs have solid rent coverage levels, insulating them from potential downside, with strong supply/demand fundamentals, the analyst tells investors in a research note.
