Principal Financial Group Inc. reduced its position in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 645,782 shares of the company’s stock after selling 26,167 shares during the period. Principal Financial Group Inc. owned 0.12% of Healthpeak Properties worth $16,190,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of PEAK. Certified Advisory Corp acquired a new stake in shares of Healthpeak Properties in the first quarter worth approximately $33,000. Iron Horse Wealth Management LLC raised 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 valued at $25,000 after purchasing an additional 750 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $25,000. CENTRAL TRUST Co raised its stake in shares of Healthpeak Properties by 321.3% during 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 period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Healthpeak Properties by 270.8% during 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 period. 92.04% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Mizuho upgraded shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $29.00 to $25.00 in a research note on Monday, April 24th. Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a research note on Friday, March 31st. Barclays dropped their price target on shares of Healthpeak Properties from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, February 10th. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a research note on Wednesday, April 19th. They issued an “equal weight” rating and a $23.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on shares of Healthpeak Properties from $34.00 to $30.00 in a research note on Friday, April 28th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.42.
Healthpeak Properties Stock Performance
Healthpeak Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $1.20 annualized dividend and a yield of 5.96%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 118.81%.
Insider Buying and Selling at Healthpeak Properties
In other news, CEO Scott M. Brinker purchased 16,300 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average price of $23.63 per share, with a total value of $385,169.00. Following the purchase, the chief executive officer now owns 206,525 shares in the company, valued at approximately $4,880,185.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Scott M. Brinker purchased 16,300 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was acquired at an average price of $23.63 per share, with a total value of $385,169.00. Following the purchase, the chief executive officer now owns 206,525 shares in the company, valued at approximately $4,880,185.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Klaritch bought 1,517 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were bought at an average cost of $23.21 per share, with a total value of $35,209.57. Following the transaction, the chief operating officer now directly owns 344,000 shares of the company’s stock, valued at $7,984,240. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,817 shares of company stock valued at $506,099 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.
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.
Read More
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