Healthpeak Properties, Inc. (NYSE:PEAK) Receives $23.05 Consensus Target Price from Brokerages

Shares of Healthpeak Properties, Inc. (NYSE:PEAKGet Free Report) have earned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.05.

PEAK has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Healthpeak Properties from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. BNP Paribas raised Healthpeak Properties from an “underperform” rating to a “neutral” rating and set a $19.00 price objective on the stock in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Healthpeak Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $21.00 price objective on the stock.

Get Our Latest Analysis on Healthpeak Properties

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 18,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $16.71 per share, with a total value of $300,780.00. Following the transaction, the director now directly owns 22,000 shares in the company, valued at $367,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blair William & Co. IL raised its position in shares of Healthpeak Properties by 1.8% in the 1st quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock worth $681,000 after acquiring an additional 346 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Healthpeak Properties by 17.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,803 shares of the company’s stock worth $84,000 after acquiring an additional 565 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Healthpeak Properties by 1.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 39,676 shares of the company’s stock worth $728,000 after acquiring an additional 582 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Healthpeak Properties by 2.3% in the 3rd quarter. Lazard Asset Management LLC now owns 27,143 shares of the company’s stock worth $498,000 after acquiring an additional 613 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Healthpeak Properties by 72.8% in the 4th quarter. Lindbrook Capital LLC now owns 1,519 shares of the company’s stock worth $30,000 after acquiring an additional 640 shares in the last quarter. 92.55% of the stock is owned by institutional investors.

Healthpeak Properties Stock Performance

The firm has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $18.12. The firm has a market cap of $9.36 billion, a P/E ratio of 30.54, a PEG ratio of 4.00 and a beta of 1.01. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $24.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Healthpeak Properties (NYSE:PEAKGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.32). The business had revenue of $553.65 million during the quarter, compared to analyst estimates of $553.77 million. Healthpeak Properties had a net margin of 13.97% and a return on equity of 4.34%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. On average, equities analysts predict that Healthpeak Properties will post 1.77 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Wednesday, February 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of ∞. The ex-dividend date was Tuesday, February 13th. Healthpeak Properties’s dividend payout ratio is currently 214.29%.

About Healthpeak Properties

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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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Analyst Recommendations for Healthpeak Properties (NYSE:PEAK)

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