Putnam Investments LLC purchased a new position in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 480,867 shares of the company’s stock, valued at approximately $10,565,000. Putnam Investments LLC owned about 0.09% of Healthpeak Properties as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PEAK. Blair William & Co. IL grew its stake in Healthpeak Properties by 1.8% in the 1st quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock valued at $681,000 after buying an additional 346 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Healthpeak Properties by 1.1% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 46,633 shares of the company’s stock valued at $1,025,000 after buying an additional 502 shares during the last quarter. Seeyond grew its stake in Healthpeak Properties by 1.0% in the 4th quarter. Seeyond now owns 50,138 shares of the company’s stock valued at $1,257,000 after buying an additional 505 shares during the last quarter. Mesirow Institutional Investment Management Inc. grew its stake in Healthpeak Properties by 0.5% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 96,505 shares of the company’s stock valued at $2,120,000 after buying an additional 510 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Healthpeak Properties by 4.3% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 13,415 shares of the company’s stock valued at $336,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 92.55% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on PEAK shares. Morgan Stanley reduced their price target on shares of Healthpeak Properties from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, September 7th. Barclays reduced 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. Five 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 currently has a consensus rating of “Moderate Buy” and an average price target of $26.45.
Healthpeak Properties Price Performance
NYSE:PEAK opened at $20.39 on Friday. Healthpeak Properties, Inc. has a 52 week low of $19.08 and a 52 week high of $28.43. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.40 and a beta of 0.88. The company has a 50-day moving average of $20.85 and a 200-day moving average of $20.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.63.
Healthpeak Properties (NYSE:PEAK – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.35). Healthpeak Properties had a net margin of 25.05% and a return on equity of 7.48%. 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 business earned $0.44 earnings per share. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.76 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend was Friday, August 4th. Healthpeak Properties’s dividend payout ratio is currently 123.71%.
Healthpeak Properties Company Profile
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.
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