Stocks of Healthpeak Properties Inc. (NYSE:PEAK) traded higher last session on Wall Street, up 1.02% to $24.65.
According to the data, Healthpeak Properties Inc. (NYSE:PEAK) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $23.00, we find $29.00. Given the previous closing price of $24.40, this indicates a potential upside of 18.85 percent. PEAK stock price is now 3.22% away from the 50-day moving average and -13.08% away from the 200-day moving average. The market capitalization of the company currently stands at $13.12B.
A total of 10 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $29.56 as their price target over the next twelve months.
With the price target maintained at $27, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Healthpeak Properties Inc. (NYSE: PEAK). On July 08, 2022, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $33 to quote $31, while ‘CapitalOne’ rates the stock as ‘Equal Weight’.
In other news, GARVEY CHRISTINE, Director sold 1,860 shares of the company’s stock on Nov 16. The stock was sold for $46,063 at an average price of $24.77. Upon completion of the transaction, the Director now directly owns 24,827 shares in the company, valued at $0.61 million. Insiders disposed of 270,856 shares of company stock worth roughly $6.68 million over the past 1 year. A total of 0.29% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PEAK stock. A new stake in Healthpeak Properties Inc. shares was purchased by WATERFRONT CAPITAL PARTNERS, LLC during the first quarter worth $53,576,000. MAN GROUP PLC invested $31,333,000 in shares of PEAK during the first quarter. In the first quarter, V3 CAPITAL MANAGEMENT, L.P. acquired a new stake in Healthpeak Properties Inc. valued at approximately $30,918,000. HAZELVIEW SECURITIES INC. acquired a new stake in PEAK for approximately $24,550,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in PEAK valued at around $23,033,000 in the second quarter. In total, there are 923 active investors with 97.70% ownership of the company’s stock.
During the past 12 months, Healthpeak Properties Inc. has had a low of $21.41 and a high of $36.85. The fifty day moving average price for PEAK is $23.83 and a two-hundred day moving average price translates $28.31 for the stock.
The latest earnings results from Healthpeak Properties Inc. (NYSE: PEAK) was released for Jun, 2022. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.13, beating analysts’ expectations of $0.1 by 0.03. This compares to $0.10 EPS in the same period last year. The net profit margin was 27.80% and return on equity was 8.70% for PEAK. The company reported revenue of $520.41 million for the quarter, compared to $481.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.09 percent. For the current quarter, analysts expect PEAK to generate $517.59M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/18/2022. Investors who held shares on 11/07/2022 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 4.87% percent yield. There was an ex-dividend date of 11/04/2022 for this dividend. In terms of dividend payout ratio, PEAK is presently at 115.20%.
Healthpeak Properties Inc.(PEAK) Company Profile
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth.