Healthpeak Properties (NYSE:PEAK) Given a $32.00 Price Target at Evercore ISI

Evercore ISI set a $32.00 target price on Healthpeak Properties (NYSE:PEAKGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

PEAK has been the topic of several other research reports. Capital One Financial initiated coverage on shares of Healthpeak Properties in a research report on Friday, June 3rd. They set an equal weight rating and a $34.00 price target on the stock. Credit Suisse Group boosted their target price on Healthpeak Properties from $37.00 to $38.00 and gave the company a neutral rating in a research report on Monday, April 4th. Morgan Stanley cut their target price on Healthpeak Properties from $34.50 to $32.50 and set an equal weight rating on the stock in a research report on Wednesday, June 1st. Finally, Bank of America lowered Healthpeak Properties from a buy rating to a neutral rating and set a $32.00 target price on the stock. in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of Hold and a consensus target price of $35.25.

PEAK stock opened at $25.31 on Monday. The firm has a market cap of $13.66 billion, a PE ratio of 32.04, a PEG ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average price is $29.77 and its 200-day moving average price is $32.59. Healthpeak Properties has a one year low of $23.23 and a one year high of $37.69.

Healthpeak Properties (NYSE:PEAKGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.29). The firm had revenue of $498.40 million for the quarter, compared to analysts’ expectations of $490.02 million. Healthpeak Properties had a net margin of 22.11% and a return on equity of 4.22%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Equities research analysts predict that Healthpeak Properties will post 1.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Monday, May 9th were paid a $0.30 dividend. The ex-dividend date was Friday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 4.74%. Healthpeak Properties’s dividend payout ratio (DPR) is 151.90%.

Several large investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Healthpeak Properties by 46.1% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,726 shares of the company’s stock worth $403,000 after acquiring an additional 3,700 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Healthpeak Properties during the first quarter worth $40,000. Bank of America Corp DE grew its stake in shares of Healthpeak Properties by 2.2% during the first quarter. Bank of America Corp DE now owns 3,886,716 shares of the company’s stock worth $133,430,000 after purchasing an additional 84,176 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Healthpeak Properties by 57.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,793 shares of the company’s stock worth $2,396,000 after purchasing an additional 25,497 shares in the last quarter. Finally, Phocas Financial Corp. grew its stake in shares of Healthpeak Properties by 1.8% during the first quarter. Phocas Financial Corp. now owns 31,584 shares of the company’s stock worth $1,084,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Healthpeak Properties Company Profile (Get Rating)

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 Senior Housing, designed to provide stability through the inevitable industry cycles.

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