Shares of Healthpeak Properties, Inc. (NYSE: PIC – Get a rating) received a consensus rating of “Hold” from the eleven analysts covering the stock, market beat reports. Seven equity research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $33.09.
A number of research companies have recently published reports on PEAK. Citigroup upgraded Healthpeak Properties from a “neutral” rating to a “buy” rating and lowered its price target for the company from $33.00 to $31.00 in a Friday, July 8 research report. Capital One Financial began covering Healthpeak Properties in a research report on Friday, June 3. They issued an “equal weight” rating and a price target of $34.00 for the company. Evercore ISI set a price target of $32.00 on Healthpeak Properties in a Monday, June 20 research report. Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and set a price target of $32.00 for the company. in a research report on Thursday, May 19. Finally, Morgan Stanley lowered its price target on Healthpeak Properties from $32.50 to $26.00 and set an “equal weight” rating for the company in a Friday, July 15 research report.
Healthpeak Property Price Performance
Stock spike opened at $28.37 on Monday. The company has a debt ratio of 0.94, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day simple moving average of $26.34 and a 200-day simple moving average of $30.36. The company has a market capitalization of $15.31 billion, a PE ratio of 69.20, a growth price-earnings ratio of 3.09 and a beta of 0.78. Healthpeak Properties has a 1-year low of $23.23 and a 1-year high of $36.85.
Healthpeak Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 19. Shareholders of record on Monday, August 8 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 4.23%. The ex-dividend date is Friday August 5th. Healthpeak Properties’ dividend payout ratio (DPR) is 292.69%.
Institutional entries and exits
A number of large investors have recently increased or reduced their stake in PEAK. Assenagon Asset Management SA increased its stake in Healthpeak Properties by 11.0% during the fourth quarter. Assenagon Asset Management SA now owns 10,106 shares of the company worth $365,000 after purchasing an additional 1,002 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Healthpeak Properties by 14.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,849 shares of the company valued at $572,000 after acquiring 1,986 additional shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Healthpeak Properties by 0.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 71,118 shares of the company valued at $2,567,000 after acquiring 461 additional shares last quarter. Los Angeles Capital Management LLC increased its stake in shares of Healthpeak Properties by 4.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 169,960 shares of the company valued at $6,134,000 after acquiring an additional 7,752 shares last quarter. Finally, Advisor Group Holdings Inc. increased its stake in shares of Healthpeak Properties by 1.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 82,888 shares of the company valued at $2,993,000 after acquiring 1,548 additional shares in the last quarter. 95.98% of the shares are currently held by institutional investors and hedge funds.
Company Profile Healthpeak Properties
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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