Healthpeak Properties, Inc. (NYSE:PEAK) Receives a Consensus Rating of “Hold” by Analysts
Healthpeak Properties, Inc. (NYSE: PEAK – Get a rating) received an average rating of “Hold” by the eleven analysts who currently cover the company, reports MarketBeat Ratings. Seven analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among analysts who have reported on the stock in the past year is $33.18.
A number of brokerages have recently released reports on PEAK. Capital One Financial began covering shares of Healthpeak Properties in a report on Friday, June 3. They issued an “equal weight” rating and a price target of $34.00 for the company. Jefferies Financial Group lowered its price target on shares of Healthpeak Properties from $33.00 to $26.00 and set a “holding” rating for the company in a Thursday, June 30 report. Bank of America cut shares of Healthpeak Properties from a “buy” rating to a “neutral” rating and set a price target of $32.00 for the company. in a report on Thursday, May 19. Morgan Stanley raised its price target on shares of Healthpeak Properties from $26.00 to $27.00 and gave the company an “equal weight” rating in a Wednesday, August 31 report. Finally, Mizuho cut its price target on Healthpeak Properties shares from $37.00 to $29.00 and set a “neutral” rating for the company in a Friday, July 29 report.
Healthpeak Property Price Performance
NYSE:PEAK shares opened at $26.66 on Friday. The company’s fifty-day moving average is $26.90 and its two-hundred-day moving average is $29.60. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt ratio of 0.94. Healthpeak Properties has a 12-month low of $23.23 and a 12-month high of $36.85. The company has a market capitalization of $14.39 billion, a P/E ratio of 65.03, a price-to-earnings growth ratio of 3.36 and a beta of 0.78.
Healthpeak Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 19. Shareholders of record on Monday August 8 received a dividend of $0.30 per share. The ex-dividend date was Friday, August 5. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 4.50%. Healthpeak Properties’ dividend payout ratio is 292.69%.
Institutional investors weigh in on Healthpeak Properties
Several institutional investors have recently increased or reduced their stake in PEAK. abrdn plc increased its stake in Healthpeak Properties by 2.1% in the 4th quarter. abrdn plc now owns 443,042 shares in the company valued at $15,989,000 after buying an additional 9,097 shares in the last quarter. UMB Bank NA MO acquired a new stake in Healthpeak Properties in Q4 valued at $129,000. Lazard Asset Management LLC increased its stake in Healthpeak Properties by 63.8% in the 4th quarter. Lazard Asset Management LLC now owns 3,565 shares of the company valued at $128,000 after purchasing an additional 1,389 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Healthpeak Properties by 25.3% during the 4th quarter. HighTower Advisors LLC now owns 57,221 shares of the company worth $2,061,000 after purchasing an additional 11,558 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Healthpeak Properties during Q4 worth approximately $339,000. 95.24% of the shares are held by institutional investors.
Company Profile Healthpeak Properties
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and an S&P 500 company. living, medical practices and senior housing, designed to provide stability through the inevitable cycles of industry.
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