On March 31, 2023,
Scotiabank
downgraded
their outlook for Healthpeak Properties (NYSE:PEAK) from Sector Outperform to Sector Perform.
Analyst Price Forecast Suggests 32.41% Upside
As of March 30, 2023,
the average one-year price target for Healthpeak Properties is $28.72.
The forecasts range from a low of $24.24 to a high of $35.70.
The average price target represents an increase of 32.41% from its latest reported closing price of $21.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Healthpeak Properties
is $2,185MM, an increase of 6.01%.
The projected annual non-GAAP EPS
is $0.49.
Healthpeak Properties Declares $0.30 Dividend
On February 1, 2023 the company declared a regular
quarterly dividend of $0.30 per share ($1.20 annualized).
Shareholders of record as of February 9, 2023
received the payment on February 23, 2023.
Previously, the company paid $0.30 per share.
At the current share price of $21.69 / share,
the stock’s dividend yield is 5.53%.
Looking back five years and taking a sample every week, the average dividend yield has been
4.69%,
the lowest has been 3.27%,
and the highest has been 7.42%.
The standard deviation of yields is 0.88 (n=237).
The current dividend yield is
0.96 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.31.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.19%.
What are Large Shareholders Doing?
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 24,063K shares
representing 4.40% ownership of the company.
In it’s prior filing, the firm reported owning 24,464K shares, representing
a decrease
of 1.67%.
The firm
increased
its portfolio allocation in PEAK by 4.33% over the last quarter.
Invesco
holds 18,589K shares
representing 3.40% ownership of the company.
In it’s prior filing, the firm reported owning 18,647K shares, representing
a decrease
of 0.31%.
The firm
decreased
its portfolio allocation in PEAK by 99.99% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 16,319K shares
representing 2.98% ownership of the company.
In it’s prior filing, the firm reported owning 16,062K shares, representing
an increase
of 1.58%.
The firm
increased
its portfolio allocation in PEAK by 2.63% over the last quarter.
Norges Bank
holds 15,420K shares
representing 2.82% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
Cohen & Steers
holds 15,237K shares
representing 2.79% ownership of the company.
In it’s prior filing, the firm reported owning 31,652K shares, representing
a decrease
of 107.73%.
The firm
decreased
its portfolio allocation in PEAK by 48.05% over the last quarter.
What is the Fund Sentiment?
There are 1272 funds or institutions reporting positions in Healthpeak Properties.
This is an increase
of
14
owner(s) or 1.11% in the last quarter.
Average portfolio weight of all funds dedicated to PEAK is 0.30%,
an increase
of 3.82%.
Total shares owned by institutions decreased
in the last three months by 1.15% to 562,675K shares.
The put/call ratio of PEAK is 0.82, indicating a
bullish
outlook.
Healthpeak Properties Background Information
(This description is provided by the company.)
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 CCRCs. Healthpeak pairs its deep understanding of the healthcare real estate market with a strong vision for long-term growth.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
