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.
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.
Recommended Story: Why do companies issue convertible shares?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.