Vestmark Advisory Solutions Inc. lifted its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,073 shares of the company’s stock after purchasing an additional 1,952 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Healthpeak Properties were worth $2,033,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. Iron Horse Wealth Management LLC increased its stake in shares of Healthpeak Properties by 300.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 1,000 shares of the company’s stock worth $25,000 after buying an additional 750 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Healthpeak Properties in the fourth quarter valued at approximately $25,000. CENTRAL TRUST Co increased its stake in Healthpeak Properties by 321.3% in the third quarter. CENTRAL TRUST Co now owns 1,226 shares of the company’s stock valued at $28,000 after purchasing an additional 935 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Healthpeak Properties by 270.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,294 shares of the company’s stock valued at $30,000 after purchasing an additional 945 shares during the last quarter. Finally, Certified Advisory Corp purchased a new position in Healthpeak Properties in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 92.04% of the company’s stock.
Insider Transactions at Healthpeak Properties
In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was bought at an average price of $21.43 per share, for a total transaction of $85,720.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $85,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Healthpeak Properties stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $21.43 per share, with a total value of $85,720.00. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at $85,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Brinker acquired 16,300 shares of Healthpeak Properties stock in a transaction dated Thursday, March 2nd. The shares were purchased at an average cost of $23.63 per share, with a total value of $385,169.00. Following the completion of the transaction, the chief executive officer now directly owns 206,525 shares of the company’s stock, valued at $4,880,185.75. The disclosure for this purchase can be found here. Insiders bought a total of 21,817 shares of company stock worth $506,099 over the last 90 days. 0.28% of the stock is owned by insiders.
Healthpeak Properties Stock Up 1.3 %
Healthpeak Properties (NYSE:PEAK – Get Rating) last released its earnings results on Tuesday, February 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.42). The business had revenue of $524.47 million during the quarter, compared to analyst estimates of $518.85 million. Healthpeak Properties had a net margin of 24.18% and a return on equity of 6.96%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Equities research analysts forecast that Healthpeak Properties, Inc. will post 1.73 EPS for the current fiscal year.
Healthpeak Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th were given a $0.30 dividend. The ex-dividend date was Wednesday, February 8th. This represents a $1.20 annualized dividend and a yield of 5.46%. Healthpeak Properties’s payout ratio is 130.44%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on PEAK shares. TheStreet downgraded Healthpeak Properties from a “b-” rating to a “c+” rating in a report on Tuesday, February 21st. Citigroup decreased their price target on Healthpeak Properties from $30.00 to $27.50 and set a “buy” rating for the company in a report on Tuesday, February 28th. Royal Bank of Canada downgraded Healthpeak Properties from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $35.00 to $28.00 in a report on Wednesday, December 14th. Scotiabank downgraded Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a report on Friday. Finally, Morgan Stanley raised their target price on Healthpeak Properties from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, March 10th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.54.
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a real estate investment trust, which engages in the acquisition, development, ownership, and management of healthcare real estate. It operates through the following business segments: Life Science, Medical Office and Continuing Care Retirement Community (CCRC). The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry.
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