Healthpeak Properties Inc. (NYSE:PEAK) saw a downside of -0.20% to close Tuesday at $19.83 after subtracting -$0.04 on the day. The 5-day average trading volume is 2,843,540 shares of the company’s common stock. It has gained $20.51 in the past week and touched a new high 2 times within the past 5 days. An average of 3,504,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,286,770.
PEAK’s 1-month performance is -10.35% or -$1.92 on its low of $19.75 reached on 08/21/23. The company’s shares have touched a 52-week low of $19.08 and high of $28.43, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PEAK has lost -20.90% or -$5.24 and has reached a new high 9 times. However, the current price is down -30.25% from the 52-week high price.
Insider Transactions
PEAK stock investors last saw insider trading activity on Mar 15.GARVEY CHRISTINE (Director) most recently sold 1,200 shares at $25.45 per share on Feb 22. This transaction cost the insider $30,539. Director, GARVEY CHRISTINE, sold 1,000 shares at a price of $25.11 on Dec 27. Then, on Nov 16, Director GARVEY CHRISTINE sold 1,860 shares at a price of $24.77 per share. This transaction amounted to $46,063.
Valuation Metrics
PEAK stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.18 while the price-to-book (PB) in the most recent quarter is 1.66.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.99, while the total debt to equity was 1.01.. In terms of profitability, the gross margin trailing 12 months is 58.50%. The firm’s gross profit as reported stood at $344.73 million against revenue of $2.06 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. Net income shrunk -31.52% to $51.75 million, while revenue of $117.7 million was -127.44% off the previous quarter. Analysts expected PEAK to announce $0.11 per share in earnings in its latest quarter, but it posted $0.09, representing a -18.20% surprise. EBITDA for the quarter stood at more than $268.15 million. Shareholders hold equity totaling $547.05 million.
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 22 August was 20.40% to suggest the stock is trending oversold, with historical volatility in this time period at 6.40%.
The stock’s 5-day moving average is $20.06, reflecting a -2.46% or -$0.50 change from its current price. PEAK is currently trading -9.90% above its 20-day SMA, -7.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.16% and SMA200 by-16.15%.
Stochastic %K and %D was 4.67% and 4.70% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 30.09%, while the 14-day stochastic is at 4.23% with the period’s ATR at 0.40. The stock’s 9-day MACD Oscillator is pointing at -0.42 and -0.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Healthpeak Properties Inc. (NYSE: PEAK), Mizuho upgraded it to a Buy rating. They previously had a Neutral rating on the stock. 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 8 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 $22.00 and a high of $32.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Healthpeak Properties Inc. (PEAK) stock is $25.53.
