IBM Retirement Fund reduced its stake in Healthpeak Properties, Inc. (NYSE: PEAK – Get an assessment) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor held 8,528 shares of the company after selling 431 shares during the quarter. IBM Retirement Fund’s holdings in Healthpeak Properties were worth $293,000 when it last filed with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently changed their stakes in the company. Spire Wealth Management increased its stake in Healthpeak Properties by 72.2% in the 4th quarter. Spire Wealth Management now owns 1,345 shares of the company worth $49,000 after purchasing an additional 564 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in Healthpeak Properties in the 4th quarter for a value of approximately $63,000. TAP Consulting LLC bought a new position in Healthpeak Properties in Q4 for a value of approximately $79,000. Massmutual Trust Co. FSB ADV increased its stake in Healthpeak Properties by 834.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,242 shares of the company worth $81,000 after buying 2,002 more shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in Healthpeak Properties by 17.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,413 shares of the company worth $87,000 after buying 359 additional shares in the last quarter. 95.98% of the shares are currently held by hedge funds and other institutional investors.
Shares of NYSE: PEAK opened at $26.02 on Tuesday. The company’s fifty-day moving average price is $29.41 and its two-hundred-day moving average price is $32.45. Healthpeak Properties, Inc. has a fifty-two week low of $23.23 and a fifty-two week high of $37.69. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 32.94, a growth price-to-earnings ratio of 2.83 and a beta of 0.74. The company has a debt ratio of 0.91, a current ratio of 0.87 and a quick ratio of 0.87.
Healthpeak properties (NYSE: PEAK – Get an assessment) last announced its results on Tuesday, May 3. The company reported EPS of $0.13 for the quarter, missing the consensus estimate of $0.42 per ($0.29). The company posted revenue of $498.40 million for the quarter, versus a consensus estimate of $490.02 million. Healthpeak Properties recorded a return on equity of 4.22% and a net margin of 22.11%. Healthpeak Properties’ revenue for the quarter increased 9.5% on an annual basis. In the same quarter a year earlier, the company posted EPS of $0.40. Research analysts expect Healthpeak Properties, Inc. to post EPS of 1.74 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 20. Shareholders of record on Monday, May 9 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 4.61%. The ex-dividend date was Friday, May 6. Healthpeak Properties’ payout ratio is currently 151.90%.
PEAK has been the subject of several research analyst reports. Capital One Financial launched coverage on Healthpeak Properties in a research note on Friday, June 3. They set an “equal weight” rating and a target price of $34.00 on the stock. Morgan Stanley lowered its price target on Healthpeak Properties from $34.50 to $32.50 and set an “equal weight” rating on the stock in a Wednesday, June 1 research note. Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and set a target price of $32.00 for the stock. in a research note on Thursday, May 19. Evercore ISI set a target price of $32.00 on Healthpeak Properties in a Monday, June 20 research note. Finally, Credit Suisse Group raised its price target on Healthpeak Properties from $37.00 to $38.00 and gave the company a “neutral” rating in a Monday, April 4 research note. One equity research analyst gave the stock a sell rating, six gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.25.
Company Profile Healthpeak Properties (Get an assessment)
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and an S&P 500 company. living, medical practices and senior housing, designed to provide stability through the inevitable cycles of industry.
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