DnB Asset Management AS Buys 21,700 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

DnB Asset Management AS raised its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 15.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 163,979 shares of the company’s stock after purchasing an additional 21,700 shares during the quarter. DnB Asset Management AS’s holdings in Healthpeak Properties were worth $4,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEAK. Norges Bank bought a new position in shares of Healthpeak Properties in the 4th quarter worth $464,976,000. Invesco Ltd. boosted its stake in shares of Healthpeak Properties by 96.4% in the 1st quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock valued at $395,209,000 after purchasing an additional 5,650,120 shares in the last quarter. State Street Corp boosted its stake in shares of Healthpeak Properties by 8.8% in the 1st quarter. State Street Corp now owns 38,709,498 shares of the company’s stock valued at $1,328,897,000 after purchasing an additional 3,142,939 shares in the last quarter. Eaton Vance Management boosted its stake in shares of Healthpeak Properties by 226.9% in the 1st quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock valued at $124,156,000 after purchasing an additional 2,510,133 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Healthpeak Properties by 4.5% in the 4th quarter. BlackRock Inc. now owns 57,115,834 shares of the company’s stock valued at $2,061,311,000 after purchasing an additional 2,451,524 shares in the last quarter. Institutional investors own 95.24% of the company’s stock.

Healthpeak Properties Trading Down 1.2 %

NYSE:PEAK opened at $25.41 on Tuesday. The company has a 50-day moving average price of $26.90 and a 200-day moving average price of $29.32. Healthpeak Properties, Inc. has a 12 month low of $23.23 and a 12 month high of $36.85. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.94. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 61.98, a P/E/G 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. Stockholders of record on Monday, August 8th were given a $0.30 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.72%. Healthpeak Properties’s dividend payout ratio is 292.69%.

Analysts Set New Price Targets

PEAK has been the subject of a number of research reports. Citigroup raised shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and cut their price objective for the company from $33.00 to $31.00 in a research note on Friday, July 8th. Evercore ISI set a $32.00 price objective on shares of Healthpeak Properties in a research note on Monday, June 20th. Morgan Stanley upped their price objective on shares of Healthpeak Properties from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 31st. Barclays cut their price objective on shares of Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 9th. Finally, Mizuho cut their price objective on shares of Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of “Hold” and a consensus target price of $33.42.

Healthpeak Properties Company 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.

See Also

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

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