Texas Permanent School Fund Corp Buys 37,805 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Posted by Defense World Staff on Jul 28th, 2023

Texas Permanent School Fund Corp raised its stake in Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 49.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,995 shares of the company’s stock after acquiring an additional 37,805 shares during the period. Texas Permanent School Fund Corp’s holdings in Healthpeak Properties were worth $2,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEAK. Creative Financial Designs Inc. ADV bought a new stake in Healthpeak Properties in the 1st quarter valued at $28,000. CENTRAL TRUST Co grew its stake in shares of Healthpeak Properties by 321.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,226 shares of the company’s stock worth $28,000 after buying an additional 935 shares in the last quarter. Certified Advisory Corp purchased a new position in shares of Healthpeak Properties in the 1st quarter worth $33,000. Horizon Bancorp Inc. IN purchased a new position in shares of Healthpeak Properties in the 4th quarter worth $38,000. Finally, CVA Family Office LLC grew its position in Healthpeak Properties by 127.8% during the 4th quarter. CVA Family Office LLC now owns 1,506 shares of the company’s stock worth $38,000 after purchasing an additional 845 shares during the period. 89.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays cut their target price on shares of Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday. Citigroup downgraded shares of 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. Mizuho upgraded Healthpeak Properties from a “neutral” rating to a “buy” rating and lowered their price target for the company from $29.00 to $25.00 in a report on Monday, April 24th. Wells Fargo & Company started coverage on Healthpeak Properties in a report on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on Healthpeak Properties from $34.00 to $30.00 in a report on Friday, April 28th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus price target of $26.73.

Healthpeak Properties Stock Performance

NYSE:PEAK opened at $21.82 on Friday. The company has a 50-day moving average of $20.57 and a 200-day moving average of $22.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. Healthpeak Properties, Inc. has a twelve month low of $19.08 and a twelve month high of $28.43.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.50%. Healthpeak Properties’s payout ratio is 118.81%.

About Healthpeak Properties

(Free Report)

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates and develops high-quality healthcare real estate focused on the aging population and the desire for improved health.