Despite Healthpeak Properties Inc. [PEAK]’s great opportunity, the stock is a bit overvalued

In yesterday’s Wall Street session, Healthpeak Properties Inc. (NYSE:PEAK) shares traded at $16.37, down -2.39% from the previous session.

16 analysts cover Healthpeak Properties Inc. (NYSE:PEAK), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $16.00, we find $21.00. Given the previous closing price of $16.77, this indicates a potential upside of 25.22 percent. PEAK stock price is now -10.57% away from the 50-day moving average and -22.31% away from the 200-day moving average. The market capitalization of the company currently stands at $8.96B.

The stock has received a hold rating from 5 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $21.82 as their price target over the next twelve months.

With the price target of $18, Exane BNP Paribas recently initiated with Underperform rating 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 $65480.0. 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 $5.63 million. Insiders disposed of 374,619 shares of company stock worth roughly $6.13 million over the past 1 year. A total of 0.64% of the company’s stock is owned by insiders.

On Tuesday morning Healthpeak Properties Inc. (NYSE: PEAK) stock kicked off with the opening price of $16.65. During the past 12 months, Healthpeak Properties Inc. has had a low of $15.24 and a high of $28.43. The fifty day moving average price for PEAK is $18.30 and a two-hundred day moving average price translates $21.07 for the stock.

The latest earnings results from Healthpeak Properties Inc. (NYSE: PEAK) was released for Sep, 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 $0.65 EPS in the same period last year. The net profit margin was 25.06% and return on equity was 8.23% for PEAK. The company reported revenue of $556.24 million for the quarter, compared to $520.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.89 percent. For the current quarter, analysts expect PEAK to generate $541.92M in revenue.

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.

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