According to Bloomberg.com, the stock has an average rating of “Hold” from the eleven rating agencies that currently monitor Healthpeak Properties, Inc. These rating companies currently cover Healthpeak Properties, Inc. (NYSE:PEAK). The stock currently has a “Hold” rating from six different financial analysts, while the “Buy” rating comes from five different analysts. On average, a one-year price target of $31.27 was assigned by brokerage firms that recently reported on the stock.
PEAK has been investigated in several scientific papers. Morgan Stanley lowered its price target on Healthpeak Properties from $27.00 to $23.00 and gave the stock an “equal weight” rating in a research report published Tuesday, November 1. Evercore ISI upgraded Healthpeak Properties from an “in-line” rating to an “outperform” rating and set a target price of $28.00 for the company in a research note released Monday. Wolfe Research upgraded Healthpeak Properties from a “peer performance” rating to an “outperform” rating and set a target price of $27.00 on the stock in a research report released Wednesday, September 28 . Mizuho lowered its price target for Healthpeak Properties from $37.00 to $29.00 and gave the company a “neutral” rating in a report released Friday, July 29. Finally, in a research note published Friday, September 9, Barclays lowered its price target on Healthpeak Properties from $38.00 to $36.00 and rated the stock as “overweight.”
On Wednesday, PEAK’s stock price was $25.40 on its first trade. The company’s price is currently sitting at $23.78 below its 50-day simple moving average and $26.04 above its 200-day simple moving average. The quick ratio is the same as the current ratio, which is 0.83, and the debt ratio is 0.94. The price of Healthpeak properties has ranged from $21.41 to $36.85 over the past year. The company’s market capitalization is $13.65 billion, the price-to-earnings ratio is 26.46, the price-to-growth ratio is 3.22, and the beta value is 0.81.
Additionally, the company announced and paid a quarterly dividend on November 18, the same day the dividend was declared. On Tuesday, November 8, shareholders of record on Monday, November 7 each received a dividend payment of $0.30 per share. This equates to a dividend payout of $1.20 per year and a dividend yield of 4.72%. The distribution of the dividend took place on November 4. Currently, Healthpeak Properties has a dividend payout ratio (DPR) of 125.00%.
Recent events have resulted in a change in the company’s ownership held by institutional investors. The percentage interest in Healthpeak Properties held by Cetera Advisor Networks LLC increased 13.2% during the first quarter. After making further purchases of 2,389 shares during the period in question, Cetera Advisor Networks LLC now owns 20,449 shares of the company, worth $702,000. The Swiss National Bank increased the percentage of Healthpeak Properties in which it is invested by 14.0% during the first quarter. Following the Swiss National Bank’s purchase of an additional 286,200 shares from the previous quarter, the bank now holds a total of 2,334,886 shares in the company, worth $80,157,000. During the second quarter, ING Group NV increased the percentage of Healthpeak Properties in which it is invested by 20.3%. ING Group NV now owns 103,911 shares in the company after purchasing an additional 17,506 shares during the period. The value of the equity holdings of ING Group NV is $2,692,000. The Michigan State Retirement System increased the percentage stake it held in Healthpeak Properties by 0.3% in the first quarter. The Michigan State Retirement System now owns 136,093 shares of the company after making an additional purchase of 384 shares in the last quarter. The current market value of Michigan State Retirement System stock holdings is $4,672,000.
Finally, Raymond James & Associates increased the percentage of its stake in Healthpeak Properties by 7.5% during the first three months of the year. Raymond James & Associates now owns a total of 473,987 shares of the company, valued at $16,272,000 following the acquisition of 32,926 additional shares during the period in question. The shares of the company are held by institutional investors and hedge funds 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.