Park Avenue Securities LLC Lowers Position in Healthpeak Properties, Inc. (NYSE:PEAK)

Park Avenue Securities LLC lessened its holdings in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 9.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,245 shares of the company’s stock after selling 1,302 shares during the period. Park Avenue Securities LLC’s holdings in Healthpeak Properties were worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ING Groep NV raised its position in shares of Healthpeak Properties by 20.3% in the second quarter. ING Groep NV now owns 103,911 shares of the company’s stock worth $2,692,000 after buying an additional 17,506 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Healthpeak Properties by 31.6% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,309 shares of the company’s stock valued at $215,000 after purchasing an additional 1,994 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Healthpeak Properties by 213.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 193,336 shares of the company’s stock valued at $5,009,000 after purchasing an additional 131,710 shares in the last quarter. National Bank of Canada FI raised its position in Healthpeak Properties by 827.0% during the second quarter. National Bank of Canada FI now owns 37,004 shares of the company’s stock valued at $959,000 after purchasing an additional 33,012 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in Healthpeak Properties by 63.8% during the second quarter. Wealthfront Advisers LLC now owns 115,531 shares of the company’s stock valued at $2,993,000 after purchasing an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 92.04% of the company’s stock.

Healthpeak Properties Stock Up 1.7 %

NYSE PEAK opened at $27.31 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $14.68 billion, a PE ratio of 28.45, a PEG ratio of 3.85 and a beta of 0.83. Healthpeak Properties, Inc. has a 1 year low of $21.41 and a 1 year high of $35.72. The business’s 50-day moving average is $25.65 and its 200 day moving average is $25.47.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.20 annualized dividend and a dividend yield of 4.39%. Healthpeak Properties’s payout ratio is presently 125.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore ISI upgraded Healthpeak Properties from an “in-line” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Monday, November 21st. Royal Bank of Canada downgraded Healthpeak Properties from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $35.00 to $28.00 in a research report on Wednesday, December 14th. Wolfe Research upgraded Healthpeak Properties from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday, September 28th. Jefferies Financial Group raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, January 2nd. Finally, Morgan Stanley reduced their price objective on Healthpeak Properties from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.45.

Insider Buying and Selling

In related news, Director Christine Garvey sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $25.11, for a total value of $25,110.00. Following the sale, the director now directly owns 23,827 shares of the company’s stock, valued at $598,295.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

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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