J.P. Morgan Keeps Their Buy Rating on Healthpeak Properties (PEAK)

In a report released yesterday, Michael Mueller from J.P. Morgan maintained a Buy rating on Healthpeak Properties (PEAKResearch Report), with a price target of $29.00. The company’s shares closed last Friday at $26.18.

According to TipRanks, Mueller is a 2-star analyst with an average return of -0.1% and a 52.12% success rate. Mueller covers the Financial sector, focusing on stocks such as Cubesmart, Extra Space Storage, and Public Storage.

Currently, the analyst consensus on Healthpeak Properties is a Strong Buy with an average price target of $27.86, implying a 6.42% upside from current levels. In a report released on November 21, Evercore ISI also upgraded the stock to a Buy with a $28.00 price target.

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PEAK market cap is currently $14.2B and has a P/E ratio of 27.68.

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Healthpeak Properties, Inc. is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Senior Housing Triple-Net, Senior Housing Operating Portfolio (SHOP), Life Science, and Medical Office. The Senior Housing Triple-Net and Operating Portfolio segments manage senior housing facilities, which include independent living, assisted living and memory care facilities, care homes, and continuing care retirement communities by utilizing triple-net leases and RIDEA structures. The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space, and outpatient services such as diagnostic centers, rehabilitation clinics, and day-surgery operating rooms. The company was founded in March 1985 and is headquartered in Irvine, CA.

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