The price of Healthpeak Properties Inc. (NYSE:PEAK) shares last traded on Wall Street fell -0.48% to $16.47.
Based on available information, 17 analysts follow 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 $26.00 and a low of $16.00, we find $21.00. Given the previous closing price of $16.55, this indicates a potential upside of 26.89 percent. PEAK stock price is now -6.64% away from the 50-day moving average and -20.18% away from the 200-day moving average. The market capitalization of the company currently stands at $9.01B.
Among analysts, 5 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $21.04 as their price target over the next twelve months.
With the price target maintained at $17.50, BofA Securities recently Downgraded its rating from Neutral to Underperform 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 $65880.0. 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 $5.67 million. Insiders disposed of 372,759 shares of company stock worth roughly $6.14 million over the past 1 year. A total of 0.64% of the company’s stock is owned by insiders.
A candlestick chart of Healthpeak Properties Inc. (NYSE: PEAK) showed a price of $16.77 on Friday morning. 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 $17.57 and a two-hundred day moving average price translates $20.57 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 $0.12, beating analysts’ expectations of $0.08 by 0.04. This compares to $0.65 EPS in the same period last year. The net profit margin was 11.15% and return on equity was 3.70% 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 $556.96M 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.