Shares of Healthpeak Properties, Inc. (NYSE: PEAK) sold by Manning & Napier Group LLC


Manning & Napier Group LLC reduced its holdings of shares in Healthpeak Properties, Inc. (NYSE: PEAKGet a rating) by 27.1% in Q1, according to its most recent Form 13F filing with the SEC. The company held 93,843 shares of the company after selling 34,917 shares during the period. Manning & Napier Group LLC’s holdings in Healthpeak Properties were worth $3,220,000 at the end of last quarter.

Other institutional investors and hedge funds also changed their positions in the company. Spire Wealth Management increased its position in Healthpeak Properties by 72.2% in the fourth quarter. Spire Wealth Management now owns 1,345 shares of the company valued at $49,000 after purchasing an additional 564 shares during the period. Pinnacle Bancorp Inc. increased its position in Healthpeak Properties by 1,111.2% in the first quarter. Pinnacle Bancorp Inc. now owns 1,514 shares of the company valued at $52,000 after purchasing an additional 1,389 shares during the period. Desjardins Global Asset Management Inc. acquired a new stake in Healthpeak Properties in the fourth quarter valued at approximately $63,000. TAP Consulting LLC acquired a new stake in shares of Healthpeak Properties during Q4, valued at approximately $79,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Healthpeak Properties by 834.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,242 shares of the company valued at $81,000 after acquiring an additional 2,002 shares during the period. Institutional investors and hedge funds own 95.98% of the company’s shares.

A number of research companies have recently published reports on PEAK. Credit Suisse Group raised its price target on shares of Healthpeak Properties from $37.00 to $38.00 and gave the company a “neutral” rating in a Monday, April 4 research report. Morgan Stanley cut its price target on Healthpeak Properties shares from $34.50 to $32.50 and set an “equal weight” rating for the company in a Wednesday, June 1 research report. Jefferies Financial Group cut its price target on shares of Healthpeak Properties from $33.00 to $26.00 and set a “holding” rating for the company in a research report on Thursday. Capital One Financial began covering shares of Healthpeak Properties in a research report on Friday, June 3. They set an “equal weight” rating and a price target of $34.00 for the company. Finally, Evercore ISI set a price target of $32.00 on shares of Healthpeak Properties in a Monday, June 20 research note. One analyst rated the stock with a sell rating, seven issued a hold rating and two assigned the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.41.

Stock spike opened at $26.58 on Friday. The stock has a market capitalization of $14.34 billion, a P/E ratio of 33.65, a PEG ratio of 2.83 and a beta of 0.74. The company has a debt ratio of 0.91, a quick ratio of 0.87 and a current ratio of 0.87. Healthpeak Properties, Inc. has a one-year low of $23.23 and a one-year high of $37.69. The company has a 50-day moving average price of $28.69 and a two-hundred-day moving average price of $32.25.

Healthpeak properties (NYSE: PEAKGet a rating) last reported quarterly earnings data on Tuesday, May 3. The company reported earnings per share (EPS) of $0.13 for the quarter, missing the consensus estimate of $0.42 per ($0.29). Healthpeak Properties posted a net margin of 22.11% and a return on equity of 4.22%. The company posted revenue of $498.40 million for the quarter, compared to $490.02 million expected by analysts. During the same period of the previous year, the company made earnings per share of $0.40. The company’s quarterly revenue increased 9.5% year over year. Research analysts expect Healthpeak Properties, Inc. to post 1.74 earnings per share for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date was Friday, May 6. This represents an annualized dividend of $1.20 and a dividend yield of 4.51%. Healthpeak Properties’ dividend payout ratio is currently 151.90%.

Company Profile Healthpeak Properties (Get a rating)

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



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Carol N. Valencia