Evercore ISI has upgraded Healthpeak Properties (NYSE: PEAK) to “Outperform”.
According to The Fly, investment analysts at Evercore ISI gave Healthpeak Properties (NYSE: PEAK) an “outperforming” rating in a report released on Monday.
Several other research publications on PEAK have been published. Morgan Stanley lowered its price target on Healthpeak Properties from $27.00 to $23.00 and gave the company an “equal weight” rating in a research report published Tuesday, November 1. Mizuho Research cut its price target for Healthpeak Properties from $37.00 to $29.00 and rated the company’s stock as “neutral” in a report released Friday, July 29. Barclays lowered its price target for Healthpeak Properties from $38.00 to $36.00 and called the stock “overweight” in a research report released Friday, September 9. at least, in a study published on Wednesday, September 28th, Wolfe Research upgraded Healthpeak Properties from a “peer performance” rating to an “outperform” rating and set a price target of $27.00 on the action. Seven research analysts recommend keeping the stock in your portfolio, while only five recommend buying the stock. According to Bloomberg.com, the current analyst recommendation for Healthpeak Properties is “Hold,” and the website cites an average price target of $31.64 for the stock.
On Monday, the NYSE ticker “PEAK” opened at $24.65. The all-time low for Healthpeak Properties for the past year is $21.41, and the all-time high for the company is $36.85. The leverage ratio is 0.94, the current ratio is 0.83, and the quick ratios are both 0.83. The stock’s 50-day moving average is $23.83 and its 200-day moving average is $26.13. ratio of 3.22 and a beta value of 0.81.
Recent events have resulted in either an increase or a decrease in the company’s holdings held by institutional investors. During the first three months of the year, Invesco Ltd. increased its percentage ownership in Healthpeak Properties to 96.4%. Invesco Ltd. now owns 11,512,029 shares of the company, valued at $395,209,000 following the acquisition of 5,650,120 additional shares during the last quarter. During the third quarter, PGGM Investments spent approximately $121,461,000 to acquire a new stake in Healthpeak Properties. During the third quarter, Centersquare Investment Management LLC increased its total holdings in Healthpeak Properties to 203.6% above the previous level. Centersquare Investment Management LLC now owns 4,894,699 shares of the company following the acquisition of 3,282,598 additional shares during the last fiscal quarter. The value of these shares is equal to $112,186. In the first three months of 2018, State Street Corporation completed an 8.8% stake increase in Healthpeak Properties. Following the acquisition of 3,142,939 additional shares during the previous quarter, State Street Corp. now owns a total of 38,709,498 shares of the company, worth $1,328,897,000.
Last but not least, in the first three months of the year, Eaton Vance Management increased the percentage of its holdings in Healthpeak Properties by 226.7%. Following the acquisition of an additional 2,510,133 shares in the prior quarter, Eaton Vance Management now owns a total of 3,616,528 shares of the company, valued at $124,156. Institutional investors hold the shares of the company at 95.24% of the total.
Healthpeak Properties, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT). Healthpeak’s ownership and development of high quality real estate is intended to provide stability throughout industry cycles. This is accomplished by focusing on the three privately paid healthcare asset classes of life sciences, medical practices and senior housing.