Healthpeak Properties (PEAK) Scheduled to Post Quarterly Earnings on Thursday

Posted by Defense World Staff on Jul 20th, 2023

Healthpeak Properties (NYSE:PEAK – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, July 27th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Healthpeak Properties Stock Up 2.4 %

Shares of Healthpeak Properties stock opened at $21.41 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11.71 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.52 and a beta of 0.87. Healthpeak Properties has a fifty-two week low of $19.08 and a fifty-two week high of $28.43. The business has a 50-day moving average price of $20.45 and a 200 day moving average price of $22.63.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.60%. The ex-dividend date was Friday, May 5th. Healthpeak Properties’s dividend payout ratio is currently 118.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Healthpeak Properties in a report on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 target price for the company. Mizuho raised Healthpeak Properties from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $29.00 to $25.00 in a report on Monday, April 24th. Citigroup lowered Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Wednesday, April 5th. Stifel Nicolaus decreased their price objective on Healthpeak Properties from $34.00 to $30.00 in a report on Friday, April 28th. Finally, Scotiabank lowered Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and set a $24.00 price objective for the company. in a report on Friday, March 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.82.

Institutional Trading of Healthpeak Properties

A number of hedge funds and other institutional investors have recently modified their holdings of PEAK. CENTRAL TRUST Co lifted its position in Healthpeak Properties by 321.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,226 shares of the company’s stock valued at $28,000 after acquiring an additional 935 shares in the last quarter. Certified Advisory Corp bought a new stake in Healthpeak Properties in the 1st quarter valued at about $33,000. First Horizon Advisors Inc. boosted its holdings in Healthpeak Properties by 83.1% in the 1st quarter. First Horizon Advisors Inc. now owns 1,652 shares of the company’s stock valued at $36,000 after purchasing an additional 750 shares during the period. Worth Asset Management LLC bought a new stake in shares of Healthpeak Properties during the 1st quarter worth approximately $45,000. Finally, Steward Partners Investment Advisory LLC increased its position in Healthpeak Properties by 17.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,803 shares of the company’s stock worth $84,000 after purchasing an additional 565 shares in the last quarter. Institutional investors and hedge funds own 89.24% of the company’s stock.

About Healthpeak Properties

(Get Free Report)

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates and develops high-quality healthcare real estate focused on the aging population and the desire for improved health.