Norges Bank Investment Management has recently announced that it has increased stake in Healthpeak Properties Inc. (NYSE:PEAK) by 4.44%. After grabbing 15.42 million shares, the institutional investor is now in possession of 0.66 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 2.82% having worth around $267.08 million. Moreover, Security Capital Research & Manag increased its share by 0.55 million to have a control over 12.98 million shares. And Geode Capital Management LLC raised its holdings to 0.24 million shares by acquiring 12.94 million shares or 2.37% of the stake.
Healthpeak Properties Inc. (PEAK) concluded trading on 01/04/24 at a closing price of $19.66, with 3.66 million shares of worth about $71.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.12% during that period and on Thursday the price saw a gain of about 0.41%. Currently the company’s common shares owned by public are about 546.64M shares, out of which, 543.57M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 77 times over the past 12 months. They bought 366,754 shares in 33 of the transactions. In 44 selling transactions, insiders dumped 371,759 shares.
Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Healthpeak Properties Inc. Vanguard Real Estate Index Fund is currently holding 22.54 million shares of worth totaling $390.4 million. The company recently came selling -0.18 million shares which brought its stake up to 4.12% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 19968.0 shares, after which its hold over company’s outstanding shares expand to 3.13%, leaving 17.14 million shares with the mutual fund that have a worth of about $296.85 million. Government Pension Fund – Global, after buying 15.3 million shares, have now control over 2.80% of the stake in the company. It holds 2.54 million shares of worth $264.93 million.
However, the stock later moved at a day high price of 19.82, or with a gain of 0.41%. Stock saw a price change of -1.80% in past 5 days and over the past one month there was a price change of 6.44%. Year-to-date (YTD), PEAK shares are showing a performance of -0.71% which decreased to -22.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.24 but also hit the highest price of $28.43 during that period. The average intraday trading volume for Healthpeak Properties Inc. shares is 5.57 million. The stock is currently trading 1.42% above its 20-day simple moving average (SMA20), while that difference is up 10.84% for SMA50 and it goes to -0.17% lower than SMA200.
Norges Bank Investment Management acquired 15.42 million shares of Healthpeak Properties Inc. having value of about $267.08 million. Data submitted at the U.S SEC by Norges Bank Investment Management revealed that the firm now holds 0.66 million shares in the company valued at close to $12898690.08, or have control over 4.44% stake in the company. Healthpeak Properties Inc. (NYSE: PEAK) currently have 546.64M outstanding shares and institutions hold larger chunk of about 96.96% of that. Holding of mutual funds in the company is about 43.88% while other institutional holders and individual stake holders have control over 54.12% and 0.34% of the stake respectively.
The stock has a current market capitalization of $10.76B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 45.78, while it has posted earnings per share of $0.43 in the same period. It has a debt-to-equity ratio of 1.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PEAK, volatility over the week remained 2.23% while standing at 2.63% over the month.
Analysts are in expectations that Healthpeak Properties Inc. (PEAK) stock would likely to be making an EPS of $Peakstone Realty Trust in the current quarter, while forecast for next quarter EPS is $17.34 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Global X MSCI Pakistan ETF which is $Peak Bio, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Peoples Bancorp of North Caroli in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -44.49% while it is estimated to decrease by -11.14% in next year. EPS is likely to shrink at an annualized rate of -10.10% for next 5-years, compared to annual growth of 0.89% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Healthpeak Properties Inc. (PEAK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.29. Out of those 14 Wall Street analysts, 6 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 13, 2023 offering an Underperform rating for the stock and assigned a target price of $17.50 to it.
