Photo by Joshua Mayo on Unsplash
 

Healthpeak Properties Inc. (PEAK) owns a diversified healthcare portfolio of approximately 463 in-place properties spread across mainly medical offices and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.

Healthpeak is a Maryland corporation organized in March of 1985 for the purpose of qualifying as a real estate investment trust, or REIT. A merger and LLC Conversion became effective on February 10, 2023.

At that time, New Healthpeak (the publicly traded parent company) changed its name to Healthpeak Properties, Inc. and is expected to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. Following these transactions, New Healthpeak’s common stock continues to trade on the New York Stock Exchange (“NYSE”) under the trading symbol “PEAK”.

Healthpeak Properties Inc is headquartered in Denver, CO.

Three key data points gauge Healthpeak Properties Inc. or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

PEAK Price

Over the past year, Healthpeak Properties Inc. share price fell about 21.2% from $26.35 to $20.77 as of Wednesday’s market close.

If PEAK stock trades in the range of $18.00 to $28.00 this next year, its recent $20.77 share price might rise to $24.00 by next year. Of course, PEAK’s price could drop about the same $3.23 amount, or more.

My upside estimate of $3.23 is $2.61 below the median of annual target price estimates from fourteen analysts tracking the stock for brokers.
 

PEAK Dividend

Healthpeak Properties Inc’s most recent $0.30  quarterly dividend, paid May 19th to shareholders of record May 5th, equates to $1.20 annually and throws a yield of 5.78% as of Wednesday’s closing price.
 

PEAK Returns

Adding the $1.20 anticipated annual dividend to PEAK’s estimated $3.23 price upside reveals a $4.43 potential gross gain per share for the coming year.

At Wednesday’s $20.77 closing price, a little under $1000 would buy 48 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.21 per share.

Subtracting that maybe $0.21 brokerage cost from my estimated $4.43 gross gain per share makes a net gain amounting to $4.22 X 48 shares = $202.56 for a 20.25% net gain.

This may be the time to pounce on PEAK. But beware, its dividend is solid and its price has been falling, and is now priced $30.27 below the stock’s all-time high of $51.04 posted May 21, 2013.

The foregoing article is based on past history of Healthpeak Properties Inc. The only accurate measure of future performance is from active investment in the company.

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