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Healthpeak Properties Inc Stock Research

PEAK

Market Closed

PEAK Alerts

PEAK Stock Price

PEAK RSI Chart

PEAK Valuation

Market Cap

15.1B

Price/Earnings (Trailing)

27.59

Price/Sales (Trailing)

7.24

EV/EBITDA

10.3

Price/Free Cashflow

17.17

PEAK Price/Sales (Trailing)

PEAK Profitability

EBT Margin

24.60%

Return on Equity

7.52%

Return on Assets

3.17%

Free Cashflow Yield

5.82%

PEAK Fundamentals

PEAK Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

5.48%

Revenue Q/Q

0.23%

PEAK Earnings

Earnings (TTM)

547.8M

Earnings Y/Y

66.1%

Earnings Q/Q

1.7K%

Price Action

Last 7 days

-3.5%

Last 30 days

-1.5%

Last 90 days

-18.9%

Trailing 12 Months

-36.7%

PEAK Financial Health

Debt/Equity

0.99

Debt/Cashflow

0.14

PEAK Investor Care

Dividend Yield

4.34%

Dividend/Share (TTM)

1.2

Shares Dilution (1Y)

1.42%

Diluted EPS (TTM)

1.01

Peers (Alternatives to Healthpeak Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.3B
4.3B
-0.67% -7.84%
11.56
11.69
18.80% 113.99%
28.8B
4.9B
1.25% -24.57%
77.2
5.88
9.82% -73.28%
22.6B
2.0B
-1.01% -20.50%
24.61
11.43
-20.93% -31.79%
19.1B
2.7B
-6.88% -30.41%
25.48
7.14
18.91% 81.13%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.1B
1.1B
-8.04% -21.25%
18.25
6.51
10.19% 46.60%
4.3B
814.4M
-2.26% -4.29%
465.69
5.23
63.41% 107.43%
2.6B
1.8B
-10.72% -60.29%
-6.95
1.42
9.23% -286.27%
2.0B
857.9M
-0.32% -17.87%
-23.05
2.35
-1.75% -315.36%
SMALL-CAP
2.1B
421.5M
12.31% 19.76%
23.93
5.05
1.34% 437.34%
1.4B
862.4M
-3.29% -61.71%
-11.46
1.67
7.01% -127.00%
1.2B
184.6M
6.32% 29.74%
12.67
6.33
2.55% 1950.56%
923.1M
745.2M
2.66% -52.44%
-24.26
1.24
2.17% -183.81%

Financials for Healthpeak Properties

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.3%2,0882,0612,0201,9811,939
  S&GA Expenses0.5%13213199.0098.0097.00
EBITDA-0.2%1,3911,3931,0911,177-
EBITDA Margin-2.2%0.67*0.69*0.55*0.61*-
Earnings Before Taxes11.7%566507523226324
EBT Margin-5.0%0.25*0.26*0.11*0.17*-
Interest Expenses6.0%183173160152149
Net Income9.5%548500523223431
Net Income Margin-6.2%0.24*0.26*0.11*0.22*-
Free Cahsflow-1.8%900917885867-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-1.1%15,60215,77115,66215,31815,287
    Cash Equivalents-17.8%59.0072.0011273.0089.00
Liabilities-1.2%8,3798,4838,5368,3628,242
  Long Term Debt2.1%6,5916,4546,336--
Shareholder's Equity-0.7%6,6106,6556,4676,8406,948
  Additional Paid-In Capital0.1%10,36010,35010,01510,07410,085
Shares Outstanding0.1%547547538540539
Minority Interest0.0%528528532535539
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-2.3%880900917885867
  Share Based Compensation-5.4%25.0026.0019.0019.0019.00
Cashflow From Investing34.5%-574-876-1,250-1,642-482
Cashflow From Financing-190.0%-337-116234649-382
  Dividend Payments0.2%650648649649649
  Buy Backs-7.2%63.0068.0068.0012.0012.00

Risks for PEAK

What is the probability of a big loss on PEAK?

45.8%


Probability that Healthpeak Properties stock will be more than 20% underwater in next one year

38.5%


Probability that Healthpeak Properties stock will be more than 30% underwater in next one year.

18.5%


Probability that Healthpeak Properties stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PEAK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Healthpeak Properties was unfortunately bought at previous high price.

Drawdowns

Returns for PEAK

Cumulative Returns on PEAK

-2.9%


10-Year Cumulative Returns

-0.3%


7-Year Cumulative Returns

2.6%


5-Year Cumulative Returns

4.9%


3-Year Cumulative Returns

What are the long-term rolling returns for PEAK?

FIve years rolling returns for Healthpeak Properties.

Annualized Returns

Which funds bought or sold PEAK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Front Row Advisors LLC
unchanged
-
-1,000
-
-%
2023-05-23
Toroso Investments, LLC
added
100
312,000
724,000
0.01%
2023-05-23
Brookfield Corp /ON/
added
4.65
-7,031,900
77,758,100
0.30%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
2,208,000
0.10%
2023-05-22
PUTNAM INVESTMENTS LLC
new
-
10,564,600
10,564,600
0.02%
2023-05-22
AMERIPRISE FINANCIAL INC
added
59.23
5,952,030
20,986,000
0.01%
2023-05-22
Arete Wealth Advisors, LLC
new
-
269,000
269,000
0.02%
2023-05-22
Raleigh Capital Management Inc.
added
2.78
-25,892
234,796
0.12%
2023-05-18
SkyView Investment Advisors, LLC
new
-
-
-
-%
2023-05-18
Harvest Portfolios Group Inc.
added
13.09
-3,478
385,859
0.02%

1–10 of 47

Latest Funds Activity

Are funds buying PEAK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PEAK
No. of Funds

Healthpeak Properties News

Best Stocks
Mirae Asset Global Investments increases its holdings in Healthpeak ....
Best Stocks,
9 hours ago
InvestorsObserver
Zacks Investment Research

Schedule 13G FIlings of Healthpeak Properties

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cohen & steers, inc.
2.86%
15,386,796
SC 13G/A
Feb 09, 2023
vanguard group inc
16.37%
87,991,432
SC 13G/A
Feb 03, 2023
state street corp
7.31%
39,270,414
SC 13G/A
Jan 26, 2023
blackrock inc.
11.1%
59,435,809
SC 13G/A
Jan 20, 2023
blackrock inc.
11.1%
59,435,809
SC 13G/A
Sep 12, 2022
cohen & steers, inc.
7.51%
40,509,274
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
13.07%
70,462,139
SC 13G/A
Feb 11, 2022
state street corp
6.60%
35,583,315
SC 13G/A
Feb 10, 2022
vanguard group inc
15.96%
86,061,246
SC 13G/A
Jan 27, 2022
blackrock inc.
10.6%
57,115,834
SC 13G/A

PEAK Fair Value

Healthpeak Properties fair value in different scenarios

The table shows the Fair Value estimates for Healthpeak Properties for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

9.75

-

11.29

-

20.51

-

29.52

-

35.06

-
Current Inflation

9.39

-

10.82

-

18.52

-

26.13

-

30.74

-
Very High Inflation

8.94

-

10.21

-

16.17

-

22.19

-

25.77

-

Historical Healthpeak Properties Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Healthpeak Properties

View All Filings
Date Filed Form Type Document
May 10, 2023
8-K
Current Report
May 02, 2023
424B5
Prospectus Filed
May 02, 2023
8-K
Current Report
May 01, 2023
FWP
Prospectus Filed
May 01, 2023
424B5
Prospectus Filed
May 01, 2023
4
Insider Trading
May 01, 2023
4
Insider Trading
May 01, 2023
4
Insider Trading
May 01, 2023
4
Insider Trading
May 01, 2023
4
Insider Trading

Latest Insider Trading transactions for PEAK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-28
Lewis Sara Grootwassink
acquired
-
-
8,193
-
2023-04-28
Cartwright Brian G.
acquired
-
-
8,193
-
2023-04-28
Griffin R Kent Jr
acquired
-
-
8,193
-
2023-04-28
GARVEY CHRISTINE
acquired
-
-
8,193
-
2023-04-28
Sandstrom Katherine M
acquired
-
-
8,193
-
2023-04-28
Connor James B.
acquired
-
-
8,193
-
2023-04-28
HENRY DAVID
acquired
-
-
8,193
-
2023-03-17
Klaritch Thomas
gifted
-
-
-7,100
coo
2023-03-15
Lewis Sara Grootwassink
bought
85,728
21.4322
4,000
-
2023-03-07
Klaritch Thomas
bought
35,203
23.206
1,517
coo

1–10 of 50

Thomas M. Herzog
200
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 Senior Housing, designed to provide stability through the inevitable industry cycles. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth.

PEAK Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues [Abstract]  
Rental and related revenues$ 392,431$ 370,150
Resident fees and services127,084121,560
Interest income6,1635,494
Income from direct financing leases01,168
Total revenues525,678498,372
Costs and expenses:  
Interest expense47,96337,586
Depreciation and amortization179,225177,733
Operating223,088207,247
General and administrative24,54723,831
Transaction costs2,425296
Impairments and loan loss reserves (recoveries), net(2,213)132
Total costs and expenses475,035446,825
Other income (expense):  
Gain (loss) on sales of real estate, net81,5783,856
Other income (expense), net77218,316
Total other income (expense), net82,35022,172
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures132,99373,719
Income tax benefit (expense)(302)(777)
Equity income (loss) from unconsolidated joint ventures1,8162,084
Income (loss) from continuing operations134,50775,026
Income (loss) from discontinued operations0317
Net income (loss)134,50775,343
Noncontrolling interests’ share in continuing operations(15,555)(3,730)
Net income (loss) attributable to Healthpeak Properties, Inc.118,95271,613
Participating securities’ share in earnings(1,254)(1,976)
Net income (loss) applicable to common shares$ 117,698$ 69,637
Earnings Per Share [Abstract]  
Continuing operations (in dollars per share)$ 0.22$ 0.13
Discontinued operations (in dollars per share)00.00
Net income (loss) applicable to common shares (in dollars per share)0.220.13
Diluted earnings (loss) per common share:  
Continuing operations (in dollars per share)0.220.13
Discontinued operations (in dollars per share)00.00
Net income (loss) applicable to common shares (in dollars per share)$ 0.22$ 0.13
Weighted average shares outstanding:  
Basic (in shares)546,842539,352
Diluted (in shares)547,110539,586

PEAK Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Real estate:  
Buildings and improvements$ 12,889,290$ 12,784,078
Development costs and construction in progress819,810760,355
Land2,674,9422,667,188
Accumulated depreciation and amortization(3,296,781)(3,188,138)
Net real estate13,087,26113,023,483
Loans receivable, net of reserves of $6,152 and $8,280243,149374,832
Investments in and advances to unconsolidated joint ventures714,679706,677
Accounts receivable, net of allowance of $2,413 and $2,39957,70553,436
Cash and cash equivalents59,23572,032
Restricted cash57,99054,802
Intangible assets, net391,956418,061
Assets held for sale, net049,866
Right-of-use asset, net235,591237,318
Other assets, net754,723780,722
Total assets15,602,28915,771,229
LIABILITIES AND EQUITY  
Bank line of credit and commercial paper556,000995,606
Term loans496,168495,957
Senior unsecured notes5,056,5434,659,451
Mortgage debt345,167346,599
Intangible liabilities, net149,604156,193
Liabilities related to assets held for sale, net04,070
Lease liability207,734208,515
Accounts payable, accrued liabilities, and other liabilities688,994772,485
Deferred revenue878,444844,076
Total liabilities8,378,6548,482,952
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests85,902105,679
Common stock, $1.00 par value: 750,000,000 shares authorized; 546,994,803 and 546,641,973 shares issued and outstanding546,995546,642
Additional paid-in capital10,360,05810,349,614
Cumulative dividends in excess of earnings(4,316,038)(4,269,689)
Accumulated other comprehensive income (loss)18,72128,134
Total stockholders’ equity6,609,7366,654,701
Joint venture partners320,363327,721
Non-managing member unitholders207,634200,176
Total noncontrolling interests527,997527,897
Total equity7,137,7337,182,598
Total liabilities and equity$ 15,602,289$ 15,771,229