Buckingham Asset Management LLC Acquires 1,283 Shares of Healthpeak Properties (NASDAQ:PEAK)
Buckingham Asset Management LLC grew its position in shares of Healthpeak Properties (NASDAQ:PEAK) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,394 shares of the company’s stock after buying an additional 1,283 shares during the quarter. Buckingham Asset Management LLC’s holdings in Healthpeak Properties were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of PEAK. Global Retirement Partners LLC purchased a new position in Healthpeak Properties in the 4th quarter valued at approximately $26,000. Ameritas Investment Company LLC bought a new position in shares of Healthpeak Properties during the fourth quarter valued at about $30,000. Fieldpoint Private Securities LLC purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at about $31,000. Ellevest Inc. increased its position in shares of Healthpeak Properties by 204.7% during the first quarter. Ellevest Inc. now owns 1,292 shares of the company’s stock valued at $31,000 after buying an additional 868 shares during the period. Finally, Certified Advisory Corp purchased a new stake in Healthpeak Properties in the fourth quarter worth about $32,000.
A number of research firms have recently commented on PEAK. TheStreet cut shares of Healthpeak Properties from a “b-” rating to a “c” rating in a report on Thursday, February 27th. BMO Capital Markets reiterated a “buy” rating and issued a $38.00 price target on shares of Healthpeak Properties in a research report on Thursday, February 13th. KeyCorp decreased their price target on shares of Healthpeak Properties from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Healthpeak Properties from $38.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. Finally, Bank of America downgraded shares of Healthpeak Properties from a “buy” rating to a “neutral” rating in a research report on Monday, March 23rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.80.
Shares of PEAK opened at $21.94 on Friday. Healthpeak Properties has a 1-year low of $18.63 and a 1-year high of $37.93. The firm’s 50-day moving average is $24.56.
Healthpeak Properties (NASDAQ:PEAK) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $585.20 million during the quarter, compared to the consensus estimate of $531.36 million. The business’s quarterly revenue was up 34.2% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Thursday, May 7th.
Healthpeak Properties Profile
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, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles.
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