Healthpeak Properties (NYSE:PEAK – Get Rating) had its price objective decreased by stock analysts at Morgan Stanley from $34.50 to $32.50 in a report released on Wednesday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 11.76% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on PEAK. Bank of America cut shares of Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Thursday, May 19th. Credit Suisse Group raised their price target on shares of Healthpeak Properties from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.17.
Shares of PEAK stock traded down $0.61 during trading hours on Wednesday, hitting $29.08. 45,975 shares of the company were exchanged, compared to its average volume of 4,497,937. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.87. Healthpeak Properties has a one year low of $28.65 and a one year high of $37.69. The business’s 50-day simple moving average is $32.71 and its two-hundred day simple moving average is $33.52. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 3.26 and a beta of 0.73.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. acquired a new position in Healthpeak Properties in the first quarter worth approximately $26,000. Cyrus J. Lawrence LLC acquired a new position in Healthpeak Properties in the first quarter worth approximately $29,000. Nauset Wealth Management. LLC acquired a new position in Healthpeak Properties in the first quarter worth approximately $29,000. Carl Stuart Investment Advisor Inc. acquired a new position in Healthpeak Properties in the first quarter worth approximately $32,000. Finally, Certified Advisory Corp acquired a new position in Healthpeak Properties in the first quarter worth approximately $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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