Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company.
Reasonable growth potential average dividend payer.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PEAK exceeded the US REITs industry which returned 16.2% over the past year.
Return vs Market: PEAK matched the US Market which returned 20.1% over the past year.
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 StWith EPS Growth And More, Healthpeak Properties (NYSE:PEAK) Is Interesting
1 month ago | Simply Wall StShould You Be Worried About Insider Transactions At Healthpeak Properties, Inc. (NYSE:PEAK)?
2 months ago | Simply Wall StA Closer Look At Healthpeak Properties, Inc.'s (NYSE:PEAK) Impressive ROE
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 ($37.31) is trading below our estimate of fair value ($46.01)
Significantly Below Fair Value: PEAK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PEAK is poor value based on its PE Ratio (412.4x) compared to the REITs industry average (37.3x).
PE vs Market: PEAK is poor value based on its PE Ratio (412.4x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: PEAK is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: PEAK is overvalued based on its PB Ratio (3.1x) compared to the US REITs industry average (2.1x).
How is Healthpeak Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEAK's forecast earnings growth (63.7% per year) is above the savings rate (1.7%).
Earnings vs Market: PEAK's earnings (63.7% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PEAK's revenue (8.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: PEAK's revenue (8.3% 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 (3.9%).
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 loss of $85.2M impacting its December 31 2019 financial results.
Growing Profit Margin: PEAK's current net profit margins (2.2%) are lower than last year (57.3%).
Past Earnings Growth Analysis
Earnings Trend: PEAK's earnings have grown by 15.6% 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 (-95.8%) over the past year, making it difficult to compare to the REITs industry average (6.9%).
Return on Equity
High ROE: PEAK's Return on Equity (0.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Healthpeak Properties's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: PEAK has a high level of physical assets or inventory.
Debt Coverage by Assets: PEAK's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: PEAK's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if PEAK has a sufficient allowance for bad loans.
Low Risk Liabilities: PEAK reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if PEAK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: PEAK has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if PEAK has an appropriate level of bad loans.
What is Healthpeak Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PEAK's dividend (3.97%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: PEAK's dividend (3.97%) is in the top 25% of dividend payers in the US market (3.69%)
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: At its current payout ratio (92.3%), PEAK's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PEAK's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Herzog (56yo)
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 ($USD8.62M) is about average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|CEO & Director||3.1yrs||US$8.62m||0.060% $11.4m|
|President & Chief Investment Officer||0.08yrs||US$10.17m||no data|
|Executive VP & CFO||3yrs||US$3.59m||0.0054% $1.0m|
|Executive VP and Chief Development & Operating Officer||2.5yrs||US$3.29m||0.038% $7.3m|
|Executive VP||4yrs||US$3.24m||0.014% $2.6m|
|Executive VP & Chief Accounting Officer||2.5yrs||no data||0.0017% $325.3k|
|Senior VP of Corporate Finance & Treasurer||1yrs||no data||no data|
|Senior Director of Investor Relations||0.3yrs||no data||no data|
|Executive VP & Chief Human Resources Officer||2yrs||no data||0.0034% $656.3k|
|Senior Vice President of Leasing- Medical Office Properties||5.1yrs||no data||no data|
Experienced Management: PEAK's management team is considered experienced (2.5 years average tenure).
|CEO & Director||3.1yrs||US$8.62m||0.060% $11.4m|
|Independent Director||12.3yrs||US$283.05k||0.0046% $884.0k|
|Chairman Emeritus||14.8yrs||US$214.98k||no data|
|Independent Director||16.1yrs||US$294.54k||0.011% $2.1m|
|Independent Director||1.8yrs||US$192.81k||0.0013% $241.1k|
|Independent Chairman of the Board||1.8yrs||US$298.26k||0.0047% $903.2k|
|Independent Director||1.8yrs||US$191.76k||0.0060% $1.2m|
|Independent Director||1.5yrs||US$165.26k||no data|
|Independent Director||0.3yrs||no data||no data|
Experienced Board: PEAK's board of directors are not considered experienced ( 1.8 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: Insufficient data to determine if insiders have bought more shares than they have sold 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 3.3%.
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$19.135b
- Market Cap: US$18.857b
- Shares outstanding: 512.86m
- Website: https://www.healthpeak.com
Number of Employees
- Healthpeak Properties, Inc.
- 1920 Main Street
- Suite 1200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PEAK||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||May 1985|
|HC5||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 1985|
|P1EA34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
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. At Healthpeak, we pair our deep understanding of the healthcare real estate market with a strong vision for long-term growth.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 00:09|
|End of Day Share Price||2020/02/14 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.