Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Healthpeak Properties (NYSE:PEAK – Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set a “hold” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 13.51% from the stock’s previous close.
Several other research firms have also recently issued reports on PEAK. BNP Paribas started coverage on Healthpeak Properties in a research report on Wednesday, October 11th. They issued an “underperform” rating and a $18.00 price objective on the stock. Bank of America lowered Healthpeak Properties from a “neutral” rating to an “underperform” rating and set a $17.50 price target for the company. in a research note on Monday, November 13th. Wedbush reissued a “neutral” rating and set a $19.00 price objective on shares of Healthpeak Properties in a report on Tuesday, October 31st. Finally, Scotiabank raised shares of Healthpeak Properties from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $20.00 to $23.00 in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Hold” and an average target price of $23.05.
Healthpeak Properties Stock Down 0.6 %
Healthpeak Properties (NYSE:PEAK – Get Free Report) last posted its quarterly earnings data on Monday, October 30th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.32). Healthpeak Properties had a net margin of 11.17% and a return on equity of 3.38%. The firm had revenue of $556.20 million for the quarter, compared to the consensus estimate of $543.57 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Healthpeak Properties will post 1.78 earnings per share for the current year.
Institutional Investors Weigh In On Healthpeak Properties
Hedge funds have recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S grew its position in Healthpeak Properties by 88.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,362 shares of the company’s stock worth $570,000 after purchasing an additional 13,288 shares during the last quarter. Canvas Wealth Advisors LLC acquired a new stake in shares of Healthpeak Properties in the 2nd quarter worth $454,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Healthpeak Properties in the second quarter valued at about $782,000. ProShare Advisors LLC lifted its stake in shares of Healthpeak Properties by 0.9% in the second quarter. ProShare Advisors LLC now owns 106,370 shares of the company’s stock valued at $2,138,000 after purchasing an additional 903 shares during the period. Finally, Mirador Capital Partners LP lifted its stake in shares of Healthpeak Properties by 9.8% in the third quarter. Mirador Capital Partners LP now owns 14,480 shares of the company’s stock valued at $266,000 after purchasing an additional 1,297 shares during the period. 92.55% of the stock is currently owned by institutional investors and hedge funds.
About Healthpeak Properties
Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.
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