Healthpeak Properties, Inc. (NYSE:PEAK) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,329 shares of the company’s stock after selling 9,637 shares during the period. Amalgamated Bank’s holdings in Healthpeak Properties were worth $4,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt raised its position in Healthpeak Properties by 46.1% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,726 shares of the company’s stock worth $403,000 after buying an additional 3,700 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Healthpeak Properties in the 1st quarter worth $40,000. Bank of America Corp DE increased its holdings in Healthpeak Properties by 2.2% in the 1st quarter. Bank of America Corp DE now owns 3,886,716 shares of the company’s stock worth $133,430,000 after acquiring an additional 84,176 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Healthpeak Properties by 57.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,793 shares of the company’s stock worth $2,396,000 after acquiring an additional 25,497 shares in the last quarter. Finally, Phocas Financial Corp. boosted its stake in Healthpeak Properties by 1.8% during the 1st quarter. Phocas Financial Corp. now owns 31,584 shares of the company’s stock worth $1,084,000 after purchasing an additional 557 shares during the last quarter. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PEAK shares. Citigroup raised shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and lowered their price target for the company from $33.00 to $31.00 in a research report 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 cut their price target on shares of Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. Capital One Financial assumed coverage on shares of Healthpeak Properties in a research note on Friday, June 3rd. They set an “equal weight” rating and a $34.00 target price on the stock. Finally, Barclays cut their target price on shares of Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and a consensus price target of $33.42.

Healthpeak Properties Price Performance

PEAK stock opened at $24.66 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.94. Healthpeak Properties, Inc. has a 52-week low of $23.23 and a 52-week high of $36.85. The stock’s 50 day moving average is $26.86 and its two-hundred day moving average is $29.29. The company has a market capitalization of $13.31 billion, a PE ratio of 60.15, a P/E/G ratio of 3.30 and a beta of 0.78.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were issued a $0.30 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.87%. Healthpeak Properties’s dividend payout ratio (DPR) is 292.69%.

Healthpeak Properties Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Healthpeak Properties (NYSE:PEAK)

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