CIBC Asset Management Inc Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:PEAK)

Posted by Defense World Staff on Jun 11th, 2023

CIBC Asset Management Inc grew its position in Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,404 shares of the company’s stock after purchasing an additional 6,205 shares during the period. CIBC Asset Management Inc’s holdings in Healthpeak Properties were worth $1,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Certified Advisory Corp acquired a new position in shares of Healthpeak Properties in the 1st quarter valued at about $33,000. Iron Horse Wealth Management LLC boosted its holdings in 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 in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Healthpeak Properties during the fourth quarter valued at $25,000. CENTRAL TRUST Co grew its position in shares of Healthpeak Properties by 321.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,226 shares of the company’s stock valued at $28,000 after acquiring an additional 935 shares during the period. Finally, American National Bank acquired a new position in Healthpeak Properties in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 92.04% of the company’s stock.

Insider Buying and Selling at Healthpeak Properties

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm’s stock in a transaction on 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 transaction, the director now 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 at the SEC website. 0.19% of the stock is owned by company insiders.

Healthpeak Properties Stock Performance

NYSE PEAK opened at $20.69 on Friday. The company has a fifty day moving average of $20.91 and a two-hundred day moving average of $23.58. The company has a market capitalization of $11.32 billion, a PE ratio of 20.49, a P/E/G ratio of 2.47 and a beta of 0.89. Healthpeak Properties, Inc. has a 1 year low of $19.08 and a 1 year high of $28.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.61.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 8th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 5.80%. Healthpeak Properties’s dividend payout ratio is presently 118.81%.

Wall Street Analyst Weigh In

PEAK has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on Healthpeak Properties from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, March 10th. Scotiabank lowered shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research report on Friday, March 31st. Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a research note on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 price objective for the company. Citigroup downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Wednesday, April 5th. Finally, Stifel Nicolaus reduced their target price on shares of Healthpeak Properties from $34.00 to $30.00 in a research note on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average price target of $26.82.

Healthpeak Properties Profile

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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.