Teachers Retirement System of The State of Kentucky Reduces Holdings in Healthpeak Properties, Inc. (NYSE:PEAK)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 4.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,066 shares of the company’s stock after selling 1,656 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Healthpeak Properties were worth $1,307,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Healthpeak Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 87,540,866 shares of the company’s stock worth $3,005,279,000 after purchasing an additional 1,479,620 shares in the last quarter. BlackRock Inc. boosted its stake in Healthpeak Properties by 4.5% during the fourth quarter. BlackRock Inc. now owns 57,115,834 shares of the company’s stock worth $2,061,311,000 after buying an additional 2,451,524 shares during the last quarter. State Street Corp boosted its stake in Healthpeak Properties by 8.8% during the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock worth $1,328,897,000 after buying an additional 3,142,939 shares during the last quarter. Norges Bank acquired a new position in Healthpeak Properties during the fourth quarter worth $464,976,000. Finally, Blackstone Inc. boosted its stake in Healthpeak Properties by 23.4% during the first quarter. Blackstone Inc. now owns 11,732,241 shares of the company’s stock worth $402,768,000 after buying an additional 2,227,000 shares during the last quarter. 95.24% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

PEAK stock opened at $24.55 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $13.25 billion, a PE ratio of 59.88, a P/E/G ratio of 3.16 and a beta of 0.78. Healthpeak Properties, Inc. has a 12-month low of $23.23 and a 12-month high of $36.85. The business’s fifty day moving average price is $26.81 and its 200 day moving average price is $29.20.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors 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 annualized dividend and a dividend yield of 4.89%. Healthpeak Properties’s dividend payout ratio is presently 292.69%.

Wall Street Analysts Forecast Growth

PEAK has been the topic of a number of recent research reports. Evercore ISI set a $32.00 price objective on Healthpeak Properties in a research note on Monday, June 20th. Capital One Financial initiated coverage on Healthpeak Properties in a research note on Friday, June 3rd. They set an “equal weight” rating and a $34.00 price objective on the stock. Citigroup raised Healthpeak Properties from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Friday, July 8th. Jefferies Financial Group decreased their price target on Healthpeak Properties from $33.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Finally, Morgan Stanley upped their price target on Healthpeak Properties from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 31st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.42.

Healthpeak Properties Company Profile

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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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