SG Americas Securities LLC lessened its position in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) by 81.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,575 shares of the company’s stock after selling 67,327 shares during the quarter. SG Americas Securities LLC’s holdings in Healthpeak Properties were worth $535,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in Healthpeak Properties by 46.1% in the first quarter. Park Avenue Securities LLC now owns 12,481 shares of the company’s stock valued at $428,000 after purchasing an additional 3,939 shares during the period. Toews Corp ADV purchased a new stake in Healthpeak Properties in the first quarter valued at approximately $398,000. Addison Advisors LLC raised its position in Healthpeak Properties by 3,197.9% in the first quarter. Addison Advisors LLC now owns 1,583 shares of the company’s stock valued at $54,000 after purchasing an additional 1,535 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in Healthpeak Properties in the first quarter valued at approximately $405,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Healthpeak Properties in the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 95.98% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on PEAK. Jefferies Financial Group cut their target price on Healthpeak Properties from $33.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Citigroup upgraded shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $33.00 to $31.00 in a research note on Friday, July 8th. Evercore ISI set a $32.00 price target on shares of Healthpeak Properties in a research note on Monday, June 20th. Mizuho dropped their price target on shares of Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Capital One Financial began coverage on shares of Healthpeak Properties in a research note on Friday, June 3rd. They issued an “equal weight” rating and a $34.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.09.
Healthpeak Properties Stock Performance
Healthpeak Properties (NYSE:PEAK – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.29). Healthpeak Properties had a net margin of 11.16% and a return on equity of 2.91%. The company had revenue of $498.40 million during the quarter, compared to analysts’ expectations of $490.02 million. During the same period last year, the firm earned $0.40 earnings per share. Healthpeak Properties’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.73 earnings per share for the current fiscal year.
Healthpeak Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be given a $0.30 dividend. The ex-dividend date is Friday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 4.46%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 292.69%.
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns and develops high-quality real estate in the three private-pay healthcare asset classes of Life Science, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles.
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