Healthpeak Properties (NASDAQ:PEAK) Expected to Post Quarterly Sales of $606.76 Million

Analysts expect Healthpeak Properties (NASDAQ:PEAK) to announce $606.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Healthpeak Properties’ earnings, with the highest sales estimate coming in at $626.28 million and the lowest estimate coming in at $591.00 million. Healthpeak Properties reported sales of $537.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.8%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, November 2nd.

According to Zacks, analysts expect that Healthpeak Properties will report full-year sales of $2.37 billion for the current financial year, with estimates ranging from $2.33 billion to $2.43 billion. For the next financial year, analysts expect that the firm will report sales of $2.46 billion, with estimates ranging from $2.38 billion to $2.56 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Healthpeak Properties.

Healthpeak Properties (NASDAQ:PEAK) last released its earnings results on Tuesday, August 4th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.31). The firm had revenue of $588.40 million for the quarter, compared to the consensus estimate of $619.25 million. The firm’s quarterly revenue was up 20.3% on a year-over-year basis.

A number of brokerages recently weighed in on PEAK. Citigroup boosted their price objective on shares of Healthpeak Properties from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Morgan Stanley boosted their price objective on shares of Healthpeak Properties from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Barclays boosted their price objective on shares of Healthpeak Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Stifel Nicolaus began coverage on shares of Healthpeak Properties in a research report on Tuesday, September 1st. They set a “buy” rating and a $31.00 price objective for the company. Finally, Berenberg Bank began coverage on shares of Healthpeak Properties in a research report on Thursday, July 2nd. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $28.91.

Several hedge funds and other institutional investors have recently bought and sold shares of PEAK. Public Employees Retirement Association of Colorado boosted its holdings in Healthpeak Properties by 3.6% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 67,062 shares of the company’s stock valued at $1,599,000 after purchasing an additional 2,347 shares during the period. Aew Capital Management L P bought a new stake in Healthpeak Properties during the 1st quarter worth about $88,484,000. ETRADE Capital Management LLC bought a new stake in Healthpeak Properties during the 1st quarter worth about $733,000. Hancock Whitney Corp bought a new position in shares of Healthpeak Properties in the 1st quarter valued at about $230,000. Finally, Commerce Bank boosted its stake in shares of Healthpeak Properties by 39.4% in the 1st quarter. Commerce Bank now owns 22,696 shares of the company’s stock valued at $542,000 after purchasing an additional 6,412 shares during the last quarter.

Shares of NASDAQ:PEAK traded up $0.60 during trading on Monday, reaching $27.33. 2,305,677 shares of the company’s stock traded hands, compared to its average volume of 4,310,030. Healthpeak Properties has a 12 month low of $18.63 and a 12 month high of $37.93. The company has a 50 day moving average of $27.69 and a 200-day moving average of $26.21.

Healthpeak Properties Company Profile

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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