Jefferies Financial Group Lowers Healthpeak Properties (NYSE:PEAK) Price Target to $26.00

Healthpeak Properties (NYSE:PEAKGet Rating) had its target price trimmed by Jefferies Financial Group from $33.00 to $26.00 in a research note issued to investors on Thursday morning, The Fly reports. The firm currently has a hold rating on the stock.

Several other brokerages also recently commented on PEAK. Capital One Financial initiated coverage on shares of Healthpeak Properties in a report on Friday, June 3rd. They set an equal weight rating and a $34.00 price target on the stock. Credit Suisse Group increased their price target on Healthpeak Properties from $37.00 to $38.00 and gave the stock a neutral rating in a report on Monday, April 4th. Bank of America cut Healthpeak Properties from a buy rating to a neutral rating and set a $32.00 price objective for the company. in a report on Thursday, May 19th. Morgan Stanley reduced their target price on Healthpeak Properties from $34.50 to $32.50 and set an equal weight rating on the stock in a research note on Wednesday, June 1st. Finally, Evercore ISI set a $32.00 price target on shares of Healthpeak Properties in a report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Healthpeak Properties currently has a consensus rating of Hold and a consensus target price of $34.41.

Shares of NYSE PEAK opened at $26.58 on Thursday. Healthpeak Properties has a 1-year low of $23.23 and a 1-year high of $37.69. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day moving average is $28.69 and its two-hundred day moving average is $32.21. The stock has a market capitalization of $14.34 billion, a P/E ratio of 33.65, a PEG ratio of 2.89 and a beta of 0.78.

Healthpeak Properties (NYSE:PEAKGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.29). The company had revenue of $498.40 million for the quarter, compared to the consensus estimate of $490.02 million. Healthpeak Properties had a net margin of 22.11% and a return on equity of 4.22%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, equities research analysts anticipate that Healthpeak Properties will post 1.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Monday, May 9th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Friday, May 6th. Healthpeak Properties’s payout ratio is 151.90%.

Institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. purchased a new position in Healthpeak Properties in the first quarter worth $26,000. Cyrus J. Lawrence LLC purchased a new position in Healthpeak Properties during the 1st quarter worth $29,000. Nauset Wealth Management. LLC acquired a new position in Healthpeak Properties during the 1st quarter valued at about $29,000. Carl Stuart Investment Advisor Inc. purchased a new stake in Healthpeak Properties in the first quarter valued at about $32,000. Finally, Certified Advisory Corp acquired a new stake in Healthpeak Properties in the first quarter worth about $33,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

Healthpeak Properties Company Profile (Get Rating)

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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