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Wednesday, February 8, 2023

Healthpeak Properties Inc. (NYSE: PEAK): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Healthpeak Properties Inc. (PEAK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.51, or -1.96%, to $25.45. The Healthpeak Properties Inc. has recorded 89,041 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Healthpeak Properties to Participate in Nareit’s REITworld 2022 Investor Conference.

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Stocks Info

PEAK belongs to the Real Estate sector of the NYSE while operating in the REIT – Healthcare Facilities industry. At the end of the last regular session, the stock closed at $25.96 and fluctuated between $26.18 as its day high and $25.62 as its day low. The current market capitalization of Healthpeak Properties Inc. is $14.03B. A total of 2.83 million shares were traded on the day, compared to an average of 4.17M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PEAK has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 5,116 shares. Over the last 12 months, there were 27 BUYs and 42 SELLs from insiders. Insiders purchased 593,911 shares during that period but sold 274,805.

In the most recent transaction, GARVEY CHRISTINE sold 1,000 shares of PEAK for 25.11 per share on Dec 27. After the transaction, the Director now owns 23,827 company shares. In a previous transaction on Nov 16, GARVEY CHRISTINE sold 1,860 shares at 24.77 per share. PEAK shares that Director owns now total 24,827.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Healthpeak Properties Inc. pays an annual dividend of $1.20, resulting in a dividend yield of 4.62%, and it has a price to earnings (P/E) ratio of 27.53. PEAK’s most recent ex-dividend date was 11/4/2022 when it declared a $0.30 quarterly dividend that was paid in cash on 11/18/2022. Previously, the company paid the dividend on 8/19/2022 with an ex-dividend date of 8/5/2022. The PEAK stock dividend was $0.30 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PEAK in the last 3 months, the mean price target is $29.21 with high estimates of $38.00 and low estimates of $23.00. In terms of 52-week highs and lows, PEAK has a high of $36.85 and a low of $21.41.

As of this writing, PEAK has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.09. The company reported an EPS of $0.13 in the last quarter, which was 30.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PEAK is Sell with a score of 3.92. A total of 10 analysts rated the stock as Buy while 4 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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