Brown Advisory Inc. Has $1.26 Million Stake in Healthpeak Properties, Inc. (NYSE:PEAK)

Posted by Defense World Staff on Aug 16th, 2023

Brown Advisory Inc. grew its stake in Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,329 shares of the company’s stock after purchasing an additional 2,737 shares during the period. Brown Advisory Inc.’s holdings in Healthpeak Properties were worth $1,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Certified Advisory Corp bought a new position in shares of Healthpeak Properties during the 1st quarter worth about $33,000. CENTRAL TRUST Co lifted its holdings 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 worth $28,000 after acquiring an additional 935 shares during the period. Creative Financial Designs Inc. ADV bought a new position in shares of Healthpeak Properties during the 1st quarter worth about $28,000. Horizon Bancorp Inc. IN bought a new position in shares of Healthpeak Properties during the 4th quarter worth about $38,000. Finally, Worth Asset Management LLC bought a new position in shares of Healthpeak Properties during the 1st quarter worth about $45,000. 89.24% of the stock is owned by institutional investors.

Healthpeak Properties Trading Down 1.6 %

PEAK opened at $20.33 on Wednesday. Healthpeak Properties, Inc. has a 1-year low of $19.08 and a 1-year high of $28.43. The firm has a 50-day moving average price of $20.92 and a two-hundred day moving average price of $21.90. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $11.12 billion, a PE ratio of 20.95, a PEG ratio of 2.53 and a beta of 0.88.

Healthpeak Properties (NYSE:PEAK – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.35). Healthpeak Properties had a return on equity of 7.48% and a net margin of 25.05%. The business had revenue of $545.43 million for the quarter, compared to analyst estimates of $535.70 million. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Friday, August 4th. Healthpeak Properties’s dividend payout ratio is 123.71%.

Wall Street Analyst Weigh In

PEAK has been the subject of a number of analyst reports. Mizuho raised shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $29.00 to $25.00 in a report on Monday, April 24th. Barclays cut their price target 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. Wells Fargo & Company began coverage on shares of Healthpeak Properties in a report on Wednesday, April 19th. They set an “equal weight” rating and a $23.00 price target 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $26.73.

View Our Latest Research Report on Healthpeak Properties

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 real estate for healthcare discovery and delivery.