Rhumbline Advisers Purchases 14,020 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Posted by Defense World Staff on Aug 29th, 2023

Rhumbline Advisers boosted its position in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,053,932 shares of the company’s stock after acquiring an additional 14,020 shares during the quarter. Rhumbline Advisers owned 0.19% of Healthpeak Properties worth $23,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEAK. Panagora Asset Management Inc. raised its position in Healthpeak Properties by 38.0% during the first quarter. Panagora Asset Management Inc. now owns 43,684 shares of the company’s stock worth $1,500,000 after acquiring an additional 12,021 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Healthpeak Properties by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 72,160 shares of the company’s stock worth $2,477,000 after acquiring an additional 4,497 shares in the last quarter. Raymond James Trust N.A. raised its position in Healthpeak Properties by 11.8% during the first quarter. Raymond James Trust N.A. now owns 6,420 shares of the company’s stock worth $220,000 after acquiring an additional 680 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Healthpeak Properties by 1.8% in the first quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock valued at $681,000 after purchasing an additional 346 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Healthpeak Properties by 160.0% in the first quarter. Allianz Asset Management GmbH now owns 1,236,444 shares of the company’s stock valued at $42,447,000 after purchasing an additional 760,816 shares during the last quarter. 92.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays decreased their price objective on shares of Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.73.

View Our Latest Report on Healthpeak Properties

Healthpeak Properties Trading Up 0.7 %

PEAK opened at $20.38 on Tuesday. Healthpeak Properties, Inc. has a twelve month low of $19.08 and a twelve month high of $28.43. The company has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $21.45. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 2.44 and a beta of 0.88.

Healthpeak Properties (NYSE:PEAK – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.09 earnings per share 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 firm had revenue of $545.43 million for the quarter, compared to the consensus estimate of $535.70 million. During the same period in the prior year, the company earned $0.44 EPS. Analysts predict that Healthpeak Properties, Inc. will post 1.75 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.89%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 123.71%.

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.