Healthpeak Properties, Inc. (NYSE:PEAK) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 113.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,953 shares of the company’s stock after acquiring an additional 19,139 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Healthpeak Properties were worth $932,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PEAK. Blair William & Co. IL increased its position in Healthpeak Properties by 1.8% during the 1st quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock worth $681,000 after purchasing an additional 346 shares during the period. Private Capital Group LLC increased its position in Healthpeak Properties by 19.0% during the 1st quarter. Private Capital Group LLC now owns 2,221 shares of the company’s stock worth $76,000 after purchasing an additional 354 shares during the period. Resources Investment Advisors LLC. increased its position in Healthpeak Properties by 5.0% during the 1st quarter. Resources Investment Advisors LLC. now owns 7,549 shares of the company’s stock worth $259,000 after purchasing an additional 358 shares during the period. State of Michigan Retirement System increased its position in Healthpeak Properties by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 136,093 shares of the company’s stock worth $4,672,000 after purchasing an additional 384 shares during the period. Finally, Tobam increased its position in Healthpeak Properties by 23.2% during the 1st quarter. Tobam now owns 2,264 shares of the company’s stock worth $78,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 95.24% of the company’s stock.

Healthpeak Properties Price Performance

PEAK stock opened at $25.72 on Friday. Healthpeak Properties, Inc. has a 1 year low of $23.23 and a 1 year high of $36.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average price is $26.92 and its 200 day moving average price is $29.40. The firm has a market cap of $13.88 billion, a P/E ratio of 62.73, a PEG ratio of 3.30 and a beta of 0.78.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Friday, August 5th. Healthpeak Properties’s payout ratio is currently 292.69%.

Wall Street Analysts Forecast Growth

PEAK has been the topic of several recent analyst reports. Barclays dropped their target price on Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, September 9th. Capital One Financial started coverage on Healthpeak Properties in a research report on Friday, June 3rd. They set an “equal weight” rating and a $34.00 target price on the stock. Citigroup raised Healthpeak Properties from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $33.00 to $31.00 in a research note on Friday, July 8th. Evercore ISI set a $32.00 price target on Healthpeak Properties in a research note on Monday, June 20th. Finally, Jefferies Financial Group decreased their price target on Healthpeak Properties from $33.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Hold” and a consensus price target of $33.42.

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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