As of Friday close, Healthpeak Properties Inc.’s (NYSE:PEAK) stock was down -$0.23, moving down -1.21 percent to $18.83. The average number of shares traded per day over the past five days has been 3,842,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.56 fall in that time frame. In the last twenty days, the average volume was 3,536,410, while in the previous 50 days, it was 3,546,866.
Since last month, PEAK stock retreated -7.01%. Shares of the company fell to $18.82 on 09/22/23, the lowest level in the past month. A 52-week high of $28.43 was reached on 02/02/23 after having rallying from a 52-week low of $19.05. Since the beginning of this year, PEAK’s stock price has dropped by -24.89% or -$6.24, and marked a new high 9 times. However, the stock has declined by -33.77% since its 52-week high.
PEAK stock investors should be aware that Healthpeak Properties Inc. (PEAK) stock had its last reported insider trading activity 192 days ago on Mar 15. Lewis Sara Grootwassink, the Director of the company, purchased of 4,000 shares for $21.43 on Mar 15. It resulted in a $85,729 investment by the insider. Klaritch Thomas added 1,517 shares at an average price of $23.21 on Mar 07. The insider now owns 344,000 shares following the transaction. On Mar 02, President and CEO Brinker Scott M bought 16,300 shares at $23.63 apiece. The transaction was valued at $385,169.
Valuation Metrics
Right now, Healthpeak Properties Inc. (PEAK) has a P/E ratio of about 19.41. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 4.86, the price-to-book (PB) ratio of 1.58.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Wednesday February 10 2021, a $0.07 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.99, and the total debt-to-equity ratio was 1.01. On the profitability front, the trailing twelve-month gross margin is 58.50% percent. In the year ended June 29, operating margins totaled 31.50%. Based on annual data, PEAK earned $344.73 million in gross profit and brought in $2.06 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 8.10%.
In Healthpeak Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $343.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PEAK’s revenue rose 5.04% to $525.68 million during the quarter, while net income inched up to $545.43 million. While analysts expected Healthpeak Properties Inc. to report $0.11 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by -18.20%. During the quarter, the company generated $268.15 million in EBITDA. The value of shareholders’ equity is $547.05 million.
Technical Picture
This quick technical analysis looks at Healthpeak Properties Inc.’s (PEAK) price momentum. With a historical volatility rate of 29.29%, the RSI 9-day stood at 22.83% on 22 September.
With respect to its five-day moving average, the current Healthpeak Properties Inc. price is down by -7.65% percent or -$1.56. At present, PEAK shares trade -6.87% below its 20-day simple moving average and -12.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.93% below its SMA50 and -27.66% below its SMA200.
Stochastic coefficient K was 8.72% and Stochastic coefficient D was 17.44%, while ATR was 0.40. Given the Stochastic reading of 0.49% for the 14-day period, the RSI (14) reading has been calculated as 28.13%. As of today, the MACD Oscillator reading stands at -0.53, while the 14-day reading stands at -0.66.
Analyst Ratings
Mizuho upgraded its rating on Healthpeak Properties Inc. (NYSE: PEAK) to a Buy in a note to investors on April 24, 2023. The analysts firm previously had a Neutral rating on the stock.Healthpeak Properties Inc. (PEAK) has been rated Overweight by analysts. According to 0 brokerage firms, PEAK is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Healthpeak Properties Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $22.00 – $32.00. Based on these forecasts, analysts predict Healthpeak Properties Inc. (PEAK) will achieve an average price target of $25.13.
