Amalgamated Bank Lowers Stock Holdings in Healthpeak Properties, Inc. (NYSE:PEAK)

Posted by Defense World Staff on Jul 28th, 2023

Amalgamated Bank lowered its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,070 shares of the company’s stock after selling 898 shares during the quarter. Amalgamated Bank’s holdings in Healthpeak Properties were worth $3,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEAK. Blair William & Co. IL raised its holdings in shares of Healthpeak Properties by 1.8% during the first quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock valued at $681,000 after acquiring an additional 346 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Healthpeak Properties by 3.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 10,398 shares of the company’s stock valued at $261,000 after purchasing an additional 369 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Healthpeak Properties by 3.8% in the fourth quarter. Profund Advisors LLC now owns 10,833 shares of the company’s stock valued at $272,000 after purchasing an additional 397 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Healthpeak Properties by 8.5% in the fourth quarter. Benjamin Edwards Inc. now owns 5,333 shares of the company’s stock valued at $134,000 after purchasing an additional 417 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in shares of Healthpeak Properties by 1.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 46,633 shares of the company’s stock valued at $1,025,000 after purchasing an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PEAK. Barclays cut their target price on Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Company assumed coverage on Healthpeak Properties in a research note on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 target price for the company. Stifel Nicolaus lowered their price target on Healthpeak Properties from $34.00 to $30.00 in a research report on Friday, April 28th. Citigroup lowered Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research report on Wednesday, April 5th. Finally, Scotiabank lowered 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 report on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.73.

Healthpeak Properties Stock Down 1.8 %

PEAK opened at $21.82 on Friday. The stock has a market capitalization of $11.94 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. Healthpeak Properties, Inc. has a one year low of $19.08 and a one year high of $28.43. The business’s 50-day simple moving average is $20.57 and its 200-day simple moving average is $22.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.61 and a current ratio of 0.61.

Healthpeak Properties Dividend Announcement

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