Norges Bank Investment Management recently announced the acquisition of new stake in Healthpeak Properties Inc. (NYSE:PEAK). The institutional investor has increased its shareholding in the Real Estate company by 4.44% to 15.42 million shares with purchase of 0.66 million shares. This fresh investment now brings its stake to 2.82% valued currently at $305.32 million. In addition, Security Capital Research & Manag raised its holdings by 0.55 million to 12.98 million shares. And Geode Capital Management LLC has lifted its position by 1.88% or 0.24 million shares – to 12.94 million shares.
Currently, there are 546.64M common shares owned by the public and among those 543.66M shares have been available to trade.
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Insiders at the company have transacted a total of 77 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 366,754 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 371,759 shares.
The top 3 mutual fund holders in Healthpeak Properties Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Government Pension Fund – Global. Vanguard Real Estate Index Fund owns 22.07 million shares of the company’s stock, all valued at over $436.96 million. The company sold -0.11 million shares recently to bring their total holdings to about 4.03% of the shares outstanding. Vanguard Total Stock Market ETF bought 13884.0 shares to see its total holdings expand to 17.15 million shares valued at over $339.63 million and representing 3.14% of the shares outstanding. Government Pension Fund – Global bought 2.54 million shares to bring its total holdings to over 15.3 million shares at a value of $302.87 million. Government Pension Fund – Global now owns shares totaling to 2.80% of the shares outstanding.
The company’s stock has a 5-day price change of -6.56% and 16.55% over the past three months. PEAK shares are trading -2.17% year to date (YTD), with the 12-month market performance down to -27.86% lower. It has a 12-month low price of $15.24 and touched a high of $28.43 over the same period. PEAK has an average intraday trading volume of 5.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.85%, 4.18%, and -1.31% respectively.
Institutional ownership of Healthpeak Properties Inc. (NYSE: PEAK) shares accounts for 96.94% of the company’s 546.64M shares outstanding. Mutual fund holders own 43.70%, while other institutional holders and individual stakeholders account for 54.34% and 0.34% respectively.
It has a market capitalization of $10.60B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 45.11, while the earnings-per-share (ttm) stands at $0.43. The company has a debt-to-equity ratio at 1.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.37% over the week and 2.55% over the month.
Analysts forecast that Healthpeak Properties Inc. (PEAK) will achieve an EPS of $Peakstone Realty Trust for the current quarter, $15.80 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Global X MSCI Pakistan ETF while analysts give the company a high EPS estimate of $Peoples Bancorp of North Caroli. Comparatively, EPS for the current quarter was $NORTH PEAK RESOURCES LTD a year ago. Earnings per share for the fiscal year are expected to decrease by -43.24%, and -9.18% over the next financial year. EPS should shrink at an annualized rate of -10.10% over the next five years, compared to 0.89% over the past 5-year period.
Looking at the support for the PEAK, a number of firms have released research notes about the stock. Scotiabank stated their Sector Outperform rating for the stock in a research note on January 12, 2024, with the firm’s price target at $20-$23.
