Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. More Details
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Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Healthpeak Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PEAK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PEAK's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PEAK exceeded the US REITs industry which returned 29.9% over the past year.
Return vs Market: PEAK underperformed the US Market which returned 57.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Healthpeak Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StShareholders Of Healthpeak Properties (NYSE:PEAK) Must Be Happy With Their 60% Return
2 months ago | Simply Wall StHealthpeak Properties, Inc.'s (NYSE:PEAK) Has Performed Well But Fundamentals Look Varied: Is There A Clear Direction For The Stock?
3 months ago | Simply Wall StHealthpeak Properties (NYSE:PEAK) Long Term Shareholders are 12% In The Black
Is Healthpeak Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEAK ($33.15) is trading below our estimate of fair value ($49.11)
Significantly Below Fair Value: PEAK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEAK is poor value based on its PE Ratio (122.4x) compared to the US REITs industry average (47.3x).
PE vs Market: PEAK is poor value based on its PE Ratio (122.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: PEAK is poor value based on its PEG Ratio (8.5x)
Price to Book Ratio
PB vs Industry: PEAK is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (1.8x).
How is Healthpeak Properties forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEAK's forecast earnings growth (14.3% per year) is above the savings rate (2%).
Earnings vs Market: PEAK's earnings (14.3% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: PEAK's earnings are forecast to grow, but not significantly.
Revenue vs Market: PEAK's revenue (13.7% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: PEAK's revenue (13.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PEAK's Return on Equity is forecast to be low in 3 years time (4.3%).
How has Healthpeak Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEAK has a large one-off gain of $241.3M impacting its December 31 2020 financial results.
Growing Profit Margin: PEAK's current net profit margins (8.7%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: PEAK's earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: PEAK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PEAK had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: PEAK's Return on Equity (2.2%) is considered low.
How is Healthpeak Properties's financial position?
Financial Position Analysis
Short Term Liabilities: PEAK's short term assets ($3.0B) exceed its short term liabilities ($920.1M).
Long Term Liabilities: PEAK's short term assets ($3.0B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: PEAK's debt to equity ratio (85.8%) is considered high.
Reducing Debt: PEAK's debt to equity ratio has reduced from 113.6% to 85.8% over the past 5 years.
Debt Coverage: PEAK's debt is not well covered by operating cash flow (12%).
Interest Coverage: PEAK's interest payments on its debt are not well covered by EBIT (0.9x coverage).
What is Healthpeak Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEAK's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: PEAK's dividend (3.62%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: PEAK's dividend payments have been volatile in the past 10 years.
Growing Dividend: PEAK's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.5%), PEAK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PEAK's dividends in 3 years are forecast to be covered by earnings (75.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Herzog (57 yo)
Mr. Thomas M. Herzog, also known as Tom, has been the Chief Executive Officer and Director of Healthpeak Properties, Inc. since January 1, 2017 and served as its President from January 1, 2017 to January 1...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD11.37M) is about average for companies of similar size in the US market ($USD11.02M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: PEAK's management team is considered experienced (3.9 years average tenure).
Experienced Board: PEAK's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PEAK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.
Healthpeak Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Healthpeak Properties, Inc.
- Ticker: PEAK
- Exchange: NYSE
- Founded: 1985
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$18.160b
- Market Cap: US$17.918b
- Shares outstanding: 546.20m
- Website: https://www.healthpeak.com
Number of Employees
- Healthpeak Properties, Inc.
- 5050 South Syracuse Street
- Suite 800
- United States
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 cl...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 23:28|
|End of Day Share Price||2021/04/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.