A Peek At What Healthpeak Properties Inc. (PEAK) Insiders Are Doing

Healthpeak Properties Inc. (NYSE:PEAK) saw a downside of -0.09% to close Tuesday at $33.74 after subtracting -$0.03 on the day. The 5-day average trading volume is 1,944,760 shares of the company’s common stock. It has gained $34.30 in the past week. An average of 2,742,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,920,468.

PEAK’s 1-month performance is -4.90% or -$1.61 on its low of $32.99 reached on 10/06/21. The company’s shares have touched a 52-week low of $26.32 and high of $37.69, with the stock’s rally to the 52-week high happening on 07/30/21. YTD, PEAK has achieved 11.61% or $3.51. However, the current price is down -10.48%% from the 52-week high price.


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Insider Transactions

On Sep 09, 34 days have gone by since the last insider trading activity for Healthpeak Properties Inc. (PEAK). GARVEY CHRISTINE (Director) most recently sold 575 shares at $36.20 per share on Sep 09. This transaction cost the insider $20,813. Director, GARVEY CHRISTINE, sold 889 shares at a price of $34.54 on Jun 10. Then, on May 06, Director GARVEY CHRISTINE sold 4,784 shares at a price of $33.39 per share. This transaction amounted to $159,732.

Valuation Metrics

Healthpeak Properties Inc. (PEAK) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 373.30 and a low of 12.21. PEAK stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.23 while the price-to-book (PB) in the most recent quarter is 2.64.

Healthpeak Properties Inc. pays an annual dividend of $1.20 per share. Its dividend yield is 3.56%. PEAK’s most recent quarterly dividend payment was made on Aug. 20, when it paid $0.30 a share compared with prior rate of $0.30, down 0.0% from last year’s. The company latest dividend decrease of $0.07 reported on Wednesday February 10 2021.

It is projected that Healthpeak Properties Inc.’s next ex-dividend date will be on 10-Nov. PEAK is expected to distribute $0.30 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.73, while the total debt to equity was 0.73. In terms of profitability, the gross margin trailing 12 months is 53.70%. The firm’s gross profit as reported stood at $153.9 million against revenue of $1.64 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PEAK to announce $0.18 per share in earnings in its latest quarter, but it posted $0.51, representing a 183.30% surprise. EBITDA for the quarter stood at more than $245.61 million. PEAK stock balance sheet for the quarter ending June 29 shows that, with total debt at $5.23 billion. Shareholders hold equity totaling $538.97 million

Technical Picture

Let’s look briefly at Healthpeak Properties Inc. (PEAK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 41.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.42%.

The stock’s 5-day moving average is $33.75, reflecting a +0.57% or $0.19 change from its current price. PEAK is currently trading -4.61% above its 20-day SMA, +1.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.97% and +13.37% respectively.

Stochastic %K and %D was 37.42% and 36.44% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 40.71%, while the 14-day stochastic is at 41.44% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.12 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for PEAK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PEAK as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 8 have offered a “buy” rating.

What is PEAK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $41.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Healthpeak Properties Inc. (PEAK) stock is $37.69.

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