Healthpeak Properties Inc. [NYSE: PEAK] stock went on a downward path that fall over -2.71% on Monday, amounting to a one-week price decrease of less than -5.71%. The company report on February 26, 2024 at 6:04 PM that American Homes 4 Rent Set to Join S&P MidCap 400.
American Homes 4 Rent (NYSE: AMH) will replace Physicians Realty Trust (NYSE: DOC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, March 1. S&P 500 constituent Healthpeak Properties Inc. (NYSE: PEAK) is acquiring Physicians Realty Trust in a deal expected to be completed soon pending final conditions. Post-merger, Healthpeak Properties will have a symbol change from PEAK to DOC.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:.
Over the last 12 months, PEAK stock dropped by -35.41%. The one-year Healthpeak Properties Inc. stock forecast points to a potential upside of 22.95. The average equity rating for PEAK stock is currently 2.08, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.85 billion, with 547.16 million shares outstanding and 545.42 million shares in the current float. Compared to the average trading volume of 5.82M shares, PEAK stock reached a trading volume of 6725426 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $21.00 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 2.08. 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.
Exane BNP Paribas have made an estimate for Healthpeak Properties Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 12, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on January 30, 2024, representing the official price target for Healthpeak Properties Inc. stock. Previously, the target price had yet another raise from $20 to $23, while Scotiabank kept a Sector Outperform rating on PEAK stock.
The Average True Range (ATR) for Healthpeak Properties Inc. is set at 0.51, with the Price to Sales ratio for PEAK stock in the period of the last 12 months amounting to 4.06. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 0.31. Price to Free Cash Flow for PEAK in the course of the last twelve months was 10.26.
PEAK Stock Performance Analysis:
Healthpeak Properties Inc. [PEAK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.71. With this latest performance, PEAK shares dropped by -16.43% in over the last four-week period, additionally sinking by -19.98% over the last 6 months – not to mention a drop of -35.41% 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 28.93, with the RSI for the last a single of trading hit 24.38, and the three-weeks RSI is set at 33.23 for Healthpeak Properties Inc. [PEAK]. The present Moving Average for the last 50 days of trading for this stock 18.91, while it was recorded at 16.67 for the last single week of trading, and 19.21 for the last 200 days.
PEAK Stock EPS
With the latest financial reports released by the company, Healthpeak Properties Inc. posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 144.40%. 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 -12.68%.
Healthpeak Properties Inc. [PEAK] Institutonal Ownership Details
The top three institutional holders of PEAK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PEAK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PEAK stock with ownership which is approximately 5.8325%.
