Healthpeak Properties, Inc. (NYSE:PEAK) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 24.5% during the first quarter, Holdings Channel.com reports. The firm owned 13,579 shares of the company’s stock after selling 4,418 shares during the quarter. Stephens Inc. AR’s holdings in Healthpeak Properties were worth $466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEAK. Allspring Global Investments Holdings LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at approximately $4,651,000. Desjardins Global Asset Management Inc. acquired a new position in shares of Healthpeak Properties in the fourth quarter worth $63,000. Yousif Capital Management LLC acquired a new position in shares of Healthpeak Properties in the fourth quarter worth $3,721,000. CWM LLC acquired a new position in shares of Healthpeak Properties in the fourth quarter worth $191,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Healthpeak Properties by 13.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 372,066 shares of the company’s stock valued at $13,428,000 after purchasing an additional 44,272 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

Analysts Set New Price Targets

PEAK has been the subject of a number of research reports. Citigroup raised Healthpeak Properties from a “neutral” rating to a “buy” rating and lowered their price target for the company from $33.00 to $31.00 in a research report on Friday, July 8th. Capital One Financial initiated coverage on Healthpeak Properties in a research report on Friday, June 3rd. They set an “equal weight” rating and a $34.00 price target for the company. Mizuho lowered their price target on Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a research report on Thursday, May 19th. Finally, Jefferies Financial Group decreased their target price on Healthpeak Properties from $33.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.09.

Healthpeak Properties Trading Down 1.3 %

NYSE:PEAK opened at $26.94 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.87. Healthpeak Properties, Inc. has a one year low of $23.23 and a one year high of $37.44. The business’s 50-day simple moving average is $26.61 and its 200 day simple moving average is $30.80. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78.

Healthpeak Properties (NYSE:PEAKGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.29). Healthpeak Properties had a return on equity of 4.22% and a net margin of 22.11%. The business had revenue of $498.40 million during the quarter, compared to analyst estimates of $490.02 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.73 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is 151.90%.

About Healthpeak Properties

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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, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles.

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Institutional Ownership by Quarter for Healthpeak Properties (NYSE:PEAK)

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