Healthpeak Properties Inc. (NYSE:PEAK) finished Friday with an addition of $0.01 to close at $20.23, an upside of 0.05 percent. An average of 2,573,580 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 3,139,570 shares traded, while the 50-day average volume stands at 4,105,940.
PEAK stock has decreased by -7.29% in the last month. The company shares reached their 1-month lowest point of $19.75 on 08/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $19.08 and a high of $28.43 in 52 weeks. It has reached a new high 9 times so far this year and lost -19.31% or -$4.84 in price. In spite of this, the price is down -28.84% from the 52-week high.
Insider Transactions
PEAK stock investors should be aware that Healthpeak Properties Inc. (PEAK) stock had its last reported insider trading activity 185 days ago on Mar 15. In this transaction, the insider spent $30,539. Director, GARVEY CHRISTINE, disposed of 1,000 shares at a price of $25.11 on Dec 27. The insider now owns more than $25,115 worth of shares. Prior to that, Director GARVEY CHRISTINE went on to Sale 1,860 shares at $24.77 each on Nov 16. An amount of $46,063 was transacted.
Valuation Metrics
Healthpeak Properties Inc. (PEAK) has a trailing price-to-earnings (P/E) ratio of 20.86. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.28, the price-to-book (PB) ratio at 1.69.
The company has a payout ratio of 113.30%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest decrease dividend $0.07 reported on Wednesday February 10 2021.
Financial Health
Further, the company has a long term debt to equity ratio of 0.99 and a total debt to equity ratio of 1.01 for the quarter ending June 29. Its gross profit as reported stood at $344.73 million compared to revenue of $2.06 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Healthpeak Properties Inc.’s return on assets was 3.40%.
Earnings Surprise
For the three-month period that ended June 29, Healthpeak Properties Inc. had $343.77 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $51.75 million in the quarter, while revenues of $117.7 million were shrunk -31.52%. The analyst consensus anticipated Healthpeak Properties Inc.’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.09, a -18.20% surprise. For the quarter, EBITDA amounted to $268.15 million. At the end of the quarter ending June 29, Healthpeak Properties Inc.’s stock balance sheet showed total debt was $6.77 billion. Shareholders own equity worth $547.05 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Healthpeak Properties Inc. (PEAK) price momentum. RSI 9-day as of the close on 25 August was 38.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.55%.
As of today, PEAK’s price is $20.08 +0.70% or $0.14 from its 5-day moving average. PEAK is currently trading -6.90% lower than its 20-day SMA and -6.86% lower than its 100-day SMA. However, the stock’s current price level is -2.27% below the SMA50 and -16.40% below the SMA200.
The stochastic %K and %D were 27.89% and 19.98%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 29.60% and the average true range at 0.39, the RSI (14) stands at 40.17%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.
Analyst Ratings
Mizuho upgraded Healthpeak Properties Inc. (NYSE: PEAK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Healthpeak Properties Inc. (PEAK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PEAK, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.
What is PEAK’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $32.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Healthpeak Properties Inc. (PEAK) stock is $25.53.
