Healthpeak Properties (NYSE:PEAK – Get Free Report) was upgraded by research analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, Briefing.com reports. The brokerage currently has a $19.00 target price on the stock. BNP Paribas’ price objective indicates a potential upside of 9.57% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Bank of America lowered shares of Healthpeak Properties from a “neutral” rating to an “underperform” rating and set a $17.50 price objective for the company. in a research note on Monday, November 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Healthpeak Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $21.00 price target on the stock. Scotiabank upgraded shares of Healthpeak Properties from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $20.00 to $23.00 in a research note on Friday, January 12th. Finally, Wedbush restated a “neutral” rating and set a $19.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.14.
Healthpeak Properties Price Performance
Healthpeak Properties (NYSE:PEAK – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.32). The company had revenue of $553.65 million for the quarter, compared to analyst estimates of $553.77 million. Healthpeak Properties had a net margin of 13.97% and a return on equity of 4.34%. Healthpeak Properties’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, equities research analysts forecast that Healthpeak Properties will post 1.79 EPS for the current fiscal year.
Institutional Investors Weigh In On Healthpeak Properties
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEAK. Blair William & Co. IL lifted its position in shares of Healthpeak Properties by 1.8% during the first quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock worth $681,000 after purchasing an additional 346 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Healthpeak Properties by 17.4% in 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. B. Riley Wealth Advisors Inc. boosted its position in shares of Healthpeak Properties by 1.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 39,676 shares of the company’s stock worth $728,000 after purchasing an additional 582 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Healthpeak Properties by 2.3% in the 3rd quarter. Lazard Asset Management LLC now owns 27,143 shares of the company’s stock worth $498,000 after purchasing an additional 613 shares in the last quarter. Finally, TCM Advisors LLC acquired a new stake in Healthpeak Properties during the 2nd quarter worth about $12,864,000. 92.55% of the stock is owned by hedge funds and other institutional investors.
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.
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