In yesterday’s Wall Street session, Healthpeak Properties Inc. (NYSE:PEAK) shares traded at $20.15, up 0.25% from the previous session.
As of this writing, 19 analysts cover Healthpeak Properties Inc. (NYSE:PEAK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $22.00, we find $26.00. Given the previous closing price of $20.10, this indicates a potential upside of 29.35 percent. PEAK stock price is now -4.72% away from the 50-day moving average and -17.00% away from the 200-day moving average. The market capitalization of the company currently stands at $11.19B.
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There are 7 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $26.19 as their price target over the next twelve months.
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In other news, Lewis Sara Grootwassink, Director bought 4,000 shares of the company’s stock on Mar 15. The stock was bought for $85,729 at an average price of $21.43. Upon completion of the transaction, the Director now directly owns 4,000 shares in the company, valued at $80600.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, COO Klaritch Thomas bought 1,517 shares of the business’s stock. A total of $35,204 was incurred on buying the stock at an average price of $23.21. This leaves the insider owning 344,000 shares of the company worth $6.93 million. Insiders disposed of 382,010 shares of company stock worth roughly $7.7 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 LONG POND CAPITAL, LP during the first quarter worth $107,210,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $26,698,000 in shares of PEAK during the first quarter. In the first quarter, OFI INVEST ASSET MANAGEMENT acquired a new stake in Healthpeak Properties Inc. valued at approximately $24,535,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in PEAK for approximately $11,586,000. ACADIAN ASSET MANAGEMENT LLC purchased a new stake in PEAK valued at around $10,369,000 in the second quarter. In total, there are 927 active investors with 97.50% ownership of the company’s stock.
Tuesday morning saw Healthpeak Properties Inc. (NYSE: PEAK) opened at $20.06. During the past 12 months, Healthpeak Properties Inc. has had a low of $19.68 and a high of $29.91. The fifty day moving average price for PEAK is $21.12 and a two-hundred day moving average price translates $24.27 for the stock.
The latest earnings results from Healthpeak Properties Inc. (NYSE: PEAK) was released for Mar, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.09 by 0.13. This compares to $0.13 EPS in the same period last year. The net profit margin was 26.90% and return on equity was 8.70% for PEAK. The company reported revenue of $525.68 million for the quarter, compared to $498.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.48 percent. For the current quarter, analysts expect PEAK to generate $535.05M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/19/2023. Investors who held shares on 05/08/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 5.96% percent yield. There was an ex-dividend date of 05/05/2023 for this dividend. In terms of dividend payout ratio, PEAK is presently at 103.00%.
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 CCRC. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth.
