Healthpeak Properties Inc. [PEAK] stock Upgrade by JP Morgan analyst, price target now $40

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Healthpeak Properties Inc. [NYSE: PEAK] closed the trading session at $36.00 on 12/30/21. The day’s price range saw the stock hit a low of $35.915, while the highest price level was $36.28. The company report on November 15, 2021 that Healthpeak Properties Prices $500 Million of 2.125% Senior Unsecured Notes due 2028 in a Green Bond Offering.

Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has priced a public green bond offering of $500 million aggregate principal amount of 2.125% senior unsecured notes due 2028. The price to investors was 99.398% of the principal amount of the notes.


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The estimated net proceeds of the offering, after deducting the underwriting discount, original issue discount and fees and expenses payable by Healthpeak, are expected to be approximately $492.4 million. Healthpeak intends to fully allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, one or more eligible green projects. Pending such allocation, Healthpeak intends to use the net proceeds from the offering for the repayment of debt, including outstanding borrowings under its revolving line of credit facility and/or any outstanding commercial paper.

The stocks have a year to date performance of 19.09 percent and weekly performance of 1.64 percent. The stock has been moved at 8.08 percent over the last six months. The stock has performed 9.56 percent around the most recent 30 days and changed 7.53 percent over the most recent 3-months.

If compared to the average trading volume of 2.75M shares, PEAK reached to a volume of 3067870 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Healthpeak Properties Inc. [PEAK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEAK shares is $37.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEAK stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Healthpeak Properties Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 20, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on December 06, 2021, representing the official price target for Healthpeak Properties Inc. stock. Previously, the target price had yet another raise to $32, while Mizuho analysts kept a Neutral rating on PEAK stock.

The Average True Range (ATR) for Healthpeak Properties Inc. is set at 0.67, with the Price to Sales ratio for PEAK stock in the period of the last 12 months amounting to 10.59. The Price to Book ratio for the last quarter was 2.91, with the Price to Cash per share for the same quarter was set at 0.37.

PEAK stock trade performance evaluation

Healthpeak Properties Inc. [PEAK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.64. With this latest performance, PEAK shares gained by 9.56% in over the last four-week period, additionally plugging by 8.08% over the last 6 months – not to mention a rise of 20.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEAK stock in for the last two-week period is set at 64.03, with the RSI for the last a single of trading hit 69.50, and the three-weeks RSI is set at 60.30 for Healthpeak Properties Inc. [PEAK]. The present Moving Average for the last 50 days of trading for this stock 34.57, while it was recorded at 35.77 for the last single week of trading, and 34.34 for the last 200 days.

Healthpeak Properties Inc. [PEAK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Healthpeak Properties Inc. [PEAK] shares currently have an operating margin of -2.80 and a Gross Margin at +5.47. Healthpeak Properties Inc.’s Net Margin is presently recorded at +8.74.

Return on Total Capital for PEAK is now -0.34, given the latest momentum, and Return on Invested Capital for the company is 1.11. Return on Equity for this stock inclined to 2.23, with Return on Assets sitting at 0.96. When it comes to the capital structure of this company, Healthpeak Properties Inc. [PEAK] has a Total Debt to Total Equity ratio set at 97.55. Additionally, PEAK Total Debt to Total Capital is recorded at 49.38, with Total Debt to Total Assets ending up at 41.60. Long-Term Debt to Equity for the company is recorded at 95.45, with the Long-Term Debt to Total Capital now at 48.32.

Reflecting on the efficiency of the workforce at the company, Healthpeak Properties Inc. [PEAK] managed to generate an average of $662,198 per employee. Receivables Turnover for the company is 6.75 with a Total Asset Turnover recorded at a value of 0.11.

Earnings per share (EPS) analysis for Healthpeak Properties Inc. [PEAK] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PEAK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Healthpeak Properties Inc. go to 1.70%.

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Healthpeak Properties Inc. [PEAK]: Insider Ownership positions

There are presently around $18,345 million, or 96.50% of PEAK stock, in the hands of institutional investors. The top three institutional holders of PEAK stocks are: VANGUARD GROUP INC with ownership of 85,745,779, which is approximately 0.166% of the company’s market cap and around 0.21% of the total institutional ownership; COHEN & STEERS, INC., holding 71,767,240 shares of the stock with an approximate value of $2.59 billion in PEAK stocks shares; and BLACKROCK INC., currently with $1.97 billion in PEAK stock with ownership of nearly 0.235% of the company’s market capitalization.

Positions in Healthpeak Properties Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 262 institutional holders increased their position in Healthpeak Properties Inc. [NYSE:PEAK] by around 26,023,654 shares. Additionally, 239 investors decreased positions by around 27,445,121 shares, while 116 investors held positions by with 454,703,773 shares. The mentioned changes placed institutional holdings at 508,172,548 shares, according to the latest SEC report filing. PEAK stock had 44 new institutional investments in for a total of 12,113,933 shares, while 40 institutional investors sold positions of 1,898,653 shares during the same period.