Raymond James Trust N.A. grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 25.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,239 shares of the company’s stock after acquiring an additional 2,511 shares during the period. Raymond James Trust N.A.’s holdings in Healthpeak Properties were worth $268,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in Healthpeak Properties in the fourth quarter valued at $386,590,000. Invesco Ltd. increased its stake in Healthpeak Properties by 96.4% in the first quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock valued at $395,209,000 after purchasing an additional 5,650,120 shares in the last quarter. State Street Corp increased its stake in Healthpeak Properties by 8.8% in the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock valued at $1,328,897,000 after purchasing an additional 3,142,939 shares in the last quarter. Resolution Capital Ltd increased its stake in Healthpeak Properties by 25.5% in the fourth quarter. Resolution Capital Ltd now owns 13,395,628 shares of the company’s stock valued at $335,828,000 after purchasing an additional 2,725,867 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Healthpeak Properties by 226.9% in the first quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock valued at $124,156,000 after purchasing an additional 2,510,133 shares in the last quarter. Institutional investors own 89.24% of the company’s stock.
Healthpeak Properties Stock Performance
Shares of PEAK stock opened at $21.61 on Thursday. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.58 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.61 and a current ratio of 0.63. Healthpeak Properties, Inc. has a 52 week low of $19.08 and a 52 week high of $28.43. The firm’s 50-day simple moving average is $20.75 and its two-hundred day simple moving average is $22.32.
Healthpeak Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, August 4th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 123.71%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on PEAK shares. Mizuho upgraded shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $29.00 to $25.00 in a report on Monday, April 24th. Barclays reduced their price objective on shares of Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. Citigroup cut shares of Healthpeak Properties from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Wednesday, April 5th. Wells Fargo & Company initiated coverage on shares of Healthpeak Properties in a report on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 price objective for the company. Finally, Stifel Nicolaus cut their price target on shares of Healthpeak Properties from $34.00 to $30.00 in a report on Friday, April 28th. Five equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $26.73.
Read Our Latest Stock Analysis on Healthpeak Properties
About Healthpeak Properties
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.
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