$0.41 EPS Expected for Healthpeak Properties (NASDAQ:PEAK) This Quarter

Equities analysts expect Healthpeak Properties (NASDAQ:PEAK) to report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Healthpeak Properties’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.39. Healthpeak Properties reported earnings of $0.44 per share during the same quarter last year, which indicates a negative year over year growth rate of 6.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Healthpeak Properties will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.78. For the next year, analysts expect that the firm will post earnings of $1.69 per share, with EPS estimates ranging from $1.51 to $1.83. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Healthpeak Properties.

Healthpeak Properties (NASDAQ:PEAK) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. The business had revenue of $585.20 million during the quarter, compared to the consensus estimate of $531.36 million. The company’s revenue for the quarter was up 34.2% on a year-over-year basis.

A number of research firms recently commented on PEAK. Royal Bank of Canada dropped their price objective on Healthpeak Properties from $32.00 to $27.00 in a report on Thursday, May 14th. Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating in a report on Monday, March 23rd. Mizuho dropped their price objective on Healthpeak Properties from $41.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Raymond James cut Healthpeak Properties from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Co decreased their target price on Healthpeak Properties from $35.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Healthpeak Properties presently has an average rating of “Buy” and an average target price of $28.00.

Shares of PEAK stock traded down $0.10 on Friday, reaching $26.49. 4,470,162 shares of the stock were exchanged, compared to its average volume of 4,716,050. Healthpeak Properties has a one year low of $18.63 and a one year high of $37.93. The firm’s 50 day moving average price is $25.67.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in shares of Healthpeak Properties by 1,866.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,180 shares of the company’s stock valued at $28,000 after acquiring an additional 1,120 shares in the last quarter. Ameritas Investment Company LLC bought a new stake in shares of Healthpeak Properties in the 4th quarter valued at $30,000. Fieldpoint Private Securities LLC bought a new stake in shares of Healthpeak Properties in the 4th quarter valued at $31,000. Ellevest Inc. increased its stake in Healthpeak Properties by 204.7% during the 1st quarter. Ellevest Inc. now owns 1,292 shares of the company’s stock valued at $31,000 after purchasing an additional 868 shares in the last quarter. Finally, Capital Bank & Trust Co bought a new stake in Healthpeak Properties during the 4th quarter valued at $33,000.

About Healthpeak Properties

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, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles.

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Earnings History and Estimates for Healthpeak Properties (NASDAQ:PEAK)

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