Evercore ISI Reiterates $32.00 Price Target for Healthpeak Properties (NYSE:PEAK)

Evercore ISI set a $32.00 price objective on Healthpeak Properties (NYSE:PEAKGet Rating) in a research note issued to investors on Monday, Stock Target Advisor reports.

PEAK has been the subject of several other reports. Morgan Stanley decreased their target price on shares of Healthpeak Properties from $34.50 to $32.50 and set an equal weight rating for the company in a research note on Wednesday, June 1st. Capital One Financial began coverage on shares of Healthpeak Properties in a research note on Friday, June 3rd. They set an equal weight rating and a $34.00 price objective on the stock. Bank of America downgraded shares of Healthpeak Properties from a buy rating to a neutral rating and set a $32.00 target price for the company. in a research note on Thursday, May 19th. Finally, Credit Suisse Group boosted their price target on Healthpeak Properties from $37.00 to $38.00 and gave the stock a neutral rating in a research report on Monday, April 4th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $35.25.

Healthpeak Properties stock opened at $25.18 on Monday. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 2.63 and a beta of 0.74. The firm has a 50-day moving average of $29.96 and a 200-day moving average of $32.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87. 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 earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.29). The company had revenue of $498.40 million for the quarter, compared to the consensus estimate of $490.02 million. Healthpeak Properties had a return on equity of 4.22% and a net margin of 22.11%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, sell-side analysts expect that Healthpeak Properties will post 1.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Monday, May 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Friday, May 6th. Healthpeak Properties’s dividend payout ratio is presently 151.90%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Healthpeak Properties by 14.4% in the 3rd quarter. Millennium Management LLC now owns 82,250 shares of the company’s stock valued at $2,754,000 after buying an additional 10,363 shares in the last quarter. LPL Financial LLC increased its position in Healthpeak Properties by 7.6% during the third quarter. LPL Financial LLC now owns 82,126 shares of the company’s stock worth $2,750,000 after acquiring an additional 5,814 shares during the period. UBS Group AG increased its position in Healthpeak Properties by 22.5% during the third quarter. UBS Group AG now owns 633,448 shares of the company’s stock worth $21,208,000 after acquiring an additional 116,170 shares during the period. Two Sigma Investments LP raised its stake in Healthpeak Properties by 1,779.8% in the 3rd quarter. Two Sigma Investments LP now owns 627,595 shares of the company’s stock worth $21,012,000 after purchasing an additional 594,209 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Healthpeak Properties by 618.2% in the 3rd quarter. Squarepoint Ops LLC now owns 56,068 shares of the company’s stock valued at $1,877,000 after purchasing an additional 48,261 shares during the period. Institutional investors own 95.98% of the company’s stock.

About Healthpeak Properties (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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Analyst Recommendations for Healthpeak Properties (NYSE:PEAK)

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