The stock of Healthpeak Properties Inc. (NYSE:PEAK) last traded at $19.86, down -0.35% from the previous session.
Data from the available sources indicates that Healthpeak Properties Inc. (NYSE:PEAK) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $22.00, we find $25.00. Given the previous closing price of $19.93, this indicates a potential upside of 25.44 percent. PEAK stock price is now -4.86% away from the 50-day moving average and -12.28% away from the 200-day moving average. The market capitalization of the company currently stands at $10.92B.
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In total, 7 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $25.33 as their price target over the next twelve months.
With the price target reduced from $29 to $25, Mizuho Upgraded its rating from Neutral to Buy for Healthpeak Properties Inc. (NYSE: PEAK).
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 $79440.0. 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 $6.83 million. Insiders disposed of 381,708 shares of company stock worth roughly $7.58 million over the past 1 year. A total of 0.30% 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 WALLEYE CAPITAL LLC during the first quarter worth $21,863,000. POINT72 ASSET MANAGEMENT, L.P. invested $11,254,000 in shares of PEAK during the first quarter. In the first quarter, LOS ANGELES CAPITAL MANAGEMENT LLC acquired a new stake in Healthpeak Properties Inc. valued at approximately $9,060,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in PEAK for approximately $9,025,000. MBB PUBLIC MARKETS I LLC purchased a new stake in PEAK valued at around $8,736,000 in the second quarter. In total, there are 925 active investors with 97.50% ownership of the company’s stock.
With an opening price of $20.05 on Wednesday morning, Healthpeak Properties Inc. (NYSE: PEAK) set off the trading day. During the past 12 months, Healthpeak Properties Inc. has had a low of $19.08 and a high of $28.43. The fifty day moving average price for PEAK is $20.86 and a two-hundred day moving average price translates $22.61 for the stock.
The latest earnings results from Healthpeak Properties Inc. (NYSE: PEAK) was released for Jun, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.11 by -0.02. This compares to $0.13 EPS in the same period last year. The net profit margin was 25.00% and return on equity was 8.10% for PEAK. The company reported revenue of $545.43 million for the quarter, compared to $517.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.31 percent. For the current quarter, analysts expect PEAK to generate $542.54M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/18/2023. Investors who held shares on 08/07/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 6.04% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, PEAK is presently at 113.30%.
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, operates and develops high-quality real estate for healthcare discovery and delivery.
