Gulf International Bank UK Ltd lessened its holdings in Healthpeak Properties, Inc. (NYSE:PEAK) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,128 shares of the company’s stock after selling 592 shares during the period. Gulf International Bank UK Ltd’s holdings in Healthpeak Properties were worth $4,122,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Healthpeak Properties by 0.7% in the second quarter. Vanguard Group Inc. now owns 85,603,674 shares of the company’s stock worth $2,849,746,000 after buying an additional 608,365 shares in the last quarter. State Street Corp raised its position in Healthpeak Properties by 2.5% during the second quarter. State Street Corp now owns 32,494,322 shares of the company’s stock valued at $1,081,736,000 after purchasing an additional 788,608 shares in the last quarter. Geode Capital Management LLC raised its position in Healthpeak Properties by 2.1% during the second quarter. Geode Capital Management LLC now owns 10,604,922 shares of the company’s stock valued at $352,155,000 after purchasing an additional 223,113 shares in the last quarter. Invesco Ltd. raised its position in Healthpeak Properties by 13.8% during the second quarter. Invesco Ltd. now owns 5,904,227 shares of the company’s stock valued at $196,552,000 after purchasing an additional 718,104 shares in the last quarter. Finally, Morgan Stanley raised its position in Healthpeak Properties by 13.7% during the second quarter. Morgan Stanley now owns 5,265,736 shares of the company’s stock valued at $175,296,000 after purchasing an additional 635,651 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.
NYSE PEAK opened at $36.08 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $19.45 billion, a PE ratio of 31.37, a PEG ratio of 4.32 and a beta of 0.73. Healthpeak Properties, Inc. has a 1 year low of $28.86 and a 1 year high of $37.69. The business’s 50-day moving average is $34.80 and its 200 day moving average is $35.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Monday, November 8th were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 5th. This represents a $1.20 annualized dividend and a yield of 3.33%. Healthpeak Properties’s payout ratio is 104.35%.
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Healthpeak Properties from a “neutral” rating to an “overweight” rating and raised their price target for the company from $38.00 to $40.00 in a research report on Monday, December 20th. Royal Bank of Canada raised their price target on Healthpeak Properties from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, November 18th. Morgan Stanley lowered their price target on Healthpeak Properties from $37.00 to $35.50 and set an “equal weight” rating on the stock in a research report on Monday, November 29th. Finally, Wolfe Research began coverage on Healthpeak Properties in a research report on Monday, December 6th. They set a “market perform” rating and a $36.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $36.67.
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Life Science, Medical Office and Continuing Care Retirement Community(CCRC).
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