Shares of Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.27.
PEAK has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Healthpeak Properties from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 1st. Evercore ISI upgraded shares of Healthpeak Properties from an “in-line” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday. Wolfe Research raised Healthpeak Properties from a “peer perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Wednesday, September 28th. Mizuho cut their price target on Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Finally, Barclays decreased their price objective on Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, September 9th.
Healthpeak Properties Stock Up 0.8 %
Shares of PEAK stock opened at $25.40 on Wednesday. The stock’s 50 day simple moving average is $23.78 and its 200 day simple moving average is $26.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.83 and a current ratio of 0.83. Healthpeak Properties has a twelve month low of $21.41 and a twelve month high of $36.85. The company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.22 and a beta of 0.81.
Healthpeak Properties Announces Dividend
Institutional Investors Weigh In On Healthpeak Properties
Institutional investors have recently modified their holdings of the business. Cetera Advisor Networks LLC lifted its stake in Healthpeak Properties by 13.2% in the first quarter. Cetera Advisor Networks LLC now owns 20,449 shares of the company’s stock valued at $702,000 after buying an additional 2,389 shares during the period. Swiss National Bank boosted its stake in Healthpeak Properties by 14.0% during the 1st quarter. Swiss National Bank now owns 2,334,886 shares of the company’s stock worth $80,157,000 after acquiring an additional 286,200 shares during the last quarter. ING Groep NV grew its holdings in Healthpeak Properties by 20.3% during the second quarter. ING Groep NV now owns 103,911 shares of the company’s stock valued at $2,692,000 after purchasing an additional 17,506 shares during the period. State of Michigan Retirement System increased its stake in Healthpeak Properties by 0.3% in the first quarter. State of Michigan Retirement System now owns 136,093 shares of the company’s stock valued at $4,672,000 after purchasing an additional 384 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Healthpeak Properties by 7.5% in the first quarter. Raymond James & Associates now owns 473,987 shares of the company’s stock worth $16,272,000 after purchasing an additional 32,926 shares during the period. Institutional investors and hedge funds own 95.24% of the company’s stock.
About Healthpeak Properties
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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