Healthpeak Properties, Inc. (NYSE:PEAK) to Post Q2 2021 Earnings of $0.38 Per Share, Jefferies Financial Group Forecasts

Healthpeak Properties, Inc. (NYSE:PEAK) – Jefferies Financial Group cut their Q2 2021 earnings per share (EPS) estimates for Healthpeak Properties in a report issued on Wednesday, January 13th. Jefferies Financial Group analyst J. Petersen now expects that the company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.42. Jefferies Financial Group also issued estimates for Healthpeak Properties’ Q3 2021 earnings at $0.39 EPS, Q4 2021 earnings at $0.40 EPS, FY2021 earnings at $1.57 EPS, Q1 2022 earnings at $0.41 EPS, Q2 2022 earnings at $0.43 EPS, Q3 2022 earnings at $0.44 EPS, Q4 2022 earnings at $0.45 EPS, FY2022 earnings at $1.72 EPS and FY2023 earnings at $1.82 EPS.

A number of other analysts also recently issued reports on PEAK. Barclays raised their target price on Healthpeak Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 29th. Raymond James reaffirmed a “buy” rating on shares of Healthpeak Properties in a research report on Wednesday, November 4th. KeyCorp cut Healthpeak Properties from an “overweight” rating to a “sector weight” rating in a research note on Monday, December 14th. Wells Fargo & Company lowered Healthpeak Properties from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $26.00 to $25.00 in a report on Thursday, December 10th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on Healthpeak Properties from $28.00 to $30.00 in a report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Healthpeak Properties presently has a consensus rating of “Hold” and an average target price of $29.15.

PEAK opened at $29.44 on Thursday. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 5.77 and a beta of 0.65. The firm has a 50 day moving average price of $29.65 and a 200-day moving average price of $29.05. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.88. Healthpeak Properties has a twelve month low of $18.63 and a twelve month high of $37.64.

Healthpeak Properties (NYSE:PEAK) last posted its earnings results on Monday, November 2nd. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.51). Healthpeak Properties had a return on equity of 4.57% and a net margin of 14.60%. The business had revenue of $597.70 million during the quarter, compared to analyst estimates of $592.33 million. The business’s revenue was up 11.1% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seeyond raised its stake in shares of Healthpeak Properties by 2.0% in the 3rd quarter. Seeyond now owns 18,878 shares of the company’s stock valued at $513,000 after buying an additional 372 shares in the last quarter. Sandy Spring Bank boosted its stake in shares of Healthpeak Properties by 55.1% during the 3rd quarter. Sandy Spring Bank now owns 1,126 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Healthpeak Properties by 12.7% during the 2nd quarter. Glenmede Trust Co. NA now owns 3,990 shares of the company’s stock worth $109,000 after acquiring an additional 451 shares in the last quarter. Huntington National Bank increased its stake in shares of Healthpeak Properties by 2.4% during the 3rd quarter. Huntington National Bank now owns 19,243 shares of the company’s stock valued at $523,000 after acquiring an additional 454 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its position in shares of Healthpeak Properties by 2.0% in the 3rd quarter. Spirit of America Management Corp NY now owns 25,518 shares of the company’s stock valued at $693,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles.

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