Private Capital Group LLC raised its holdings in Healthpeak Properties (NASDAQ:PEAK) by 38.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,003 shares of the company’s stock after acquiring an additional 1,677 shares during the quarter. Private Capital Group LLC’s holdings in Healthpeak Properties were worth $143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PEAK. DNB Asset Management AS acquired a new stake in Healthpeak Properties in the fourth quarter valued at $2,242,000. Raymond James Trust N.A. acquired a new stake in Healthpeak Properties in the fourth quarter valued at $524,000. Gradient Investments LLC acquired a new stake in Healthpeak Properties in the fourth quarter valued at $117,000. AE Wealth Management LLC acquired a new position in shares of Healthpeak Properties during the 4th quarter worth $288,000. Finally, Sciencast Management LP acquired a new position in shares of Healthpeak Properties during the 4th quarter worth $744,000.

PEAK opened at $21.94 on Friday. The company has a 50-day simple moving average of $24.56. Healthpeak Properties has a 12 month low of $18.63 and a 12 month high of $37.93.

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 analysts’ expectations of $531.36 million. The business’s revenue for the quarter was up 34.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend is Thursday, May 7th.

In other Healthpeak Properties news, Director Sara Grootwassink Lewis purchased 3,000 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $32.13 per share, for a total transaction of $96,390.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several research firms have recently issued reports on PEAK. JPMorgan Chase & Co. cut their price target on Healthpeak Properties from $38.00 to $29.00 and set an “overweight” rating for the company in a research note on Friday, April 3rd. Royal Bank of Canada cut their price target on Healthpeak Properties from $32.00 to $27.00 in a research note on Thursday. TheStreet downgraded Healthpeak Properties from a “b-” rating to a “c” rating in a research note on Thursday, February 27th. Morgan Stanley cut their price target on Healthpeak Properties from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. Finally, Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating in a research note on Monday, March 23rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.80.

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

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