Down 40% YTD, Can PEAK Stock Recoup Its Losses?

Healthpeak Properties stock (NYSE: PEAK) currently trades at $16 per share, around 58% below (130% upside) its level of $37 on August 5, 2021 (pre-inflation shock high), and seems undervalued. Healthpeak Properties saw its stock trading at around $26 at the end of June 2022, just before the Fed started increasing rates, and is trading 40% below that level now. In comparison, the S&P 500 gained about 17% during this period. The stock price has suffered over the recent quarters due to several reasons – slow growth in funds from operations, higher interest rates negatively hurting the bottom line, lower-than-expected FFO guidance, etc.