Neuberger Berman Group LLC Buys 50,507 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Neuberger Berman Group LLC increased its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,536,311 shares of the company’s stock after buying an additional 50,507 shares during the quarter. Neuberger Berman Group LLC owned about 0.28% of Healthpeak Properties worth $52,742,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PEAK. Cetera Advisor Networks LLC increased its stake in Healthpeak Properties by 13.2% in the first quarter. Cetera Advisor Networks LLC now owns 20,449 shares of the company’s stock worth $702,000 after purchasing an additional 2,389 shares during the period. Swiss National Bank increased its stake in Healthpeak Properties by 14.0% in the first quarter. Swiss National Bank now owns 2,334,886 shares of the company’s stock worth $80,157,000 after purchasing an additional 286,200 shares during the period. State of Michigan Retirement System increased its stake in Healthpeak Properties by 0.3% in the first 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. Raymond James & Associates increased its stake in Healthpeak Properties by 7.5% in the first quarter. Raymond James & Associates now owns 473,987 shares of the company’s stock worth $16,272,000 after purchasing an additional 32,926 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Healthpeak Properties by 2.6% in the first quarter. Exchange Traded Concepts LLC now owns 24,409 shares of the company’s stock worth $838,000 after purchasing an additional 627 shares during the period. 95.24% of the stock is currently owned by institutional investors.

Healthpeak Properties Price Performance

Shares of NYSE PEAK opened at $25.72 on Monday. 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 company has a market cap of $13.88 billion, a PE ratio of 62.73, a P/E/G ratio of 3.30 and a beta of 0.78. The business has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $29.38. Healthpeak Properties, Inc. has a fifty-two week low of $23.23 and a fifty-two week high of $36.85.

Healthpeak Properties Dividend Announcement

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

Analysts Set New Price Targets

PEAK has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Healthpeak Properties from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 31st. Barclays cut their price target on Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, September 9th. Evercore ISI set a $32.00 price target on Healthpeak Properties in a research note on Monday, June 20th. Capital One Financial initiated coverage on Healthpeak Properties in a research note on Friday, June 3rd. They set an “equal weight” rating and a $34.00 price target on the stock. Finally, Citigroup upgraded Healthpeak Properties from a “neutral” rating to a “buy” rating and cut their target price for the company from $33.00 to $31.00 in a research note on Friday, July 8th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.42.

Healthpeak Properties Profile

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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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