Healthpeak Properties, Inc. (NYSE:PEAK) Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 23.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,712 shares of the company’s stock after selling 3,489 shares during the period. BTC Capital Management Inc.’s holdings in Healthpeak Properties were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Healthpeak Properties by 96.4% in the first quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock worth $395,209,000 after acquiring an additional 5,650,120 shares during the period. State Street Corp raised its position in shares of Healthpeak Properties by 8.8% in the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock worth $1,328,897,000 after acquiring an additional 3,142,939 shares during the period. Eaton Vance Management raised its position in shares of Healthpeak Properties by 226.9% in the first quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock worth $124,156,000 after acquiring an additional 2,510,133 shares during the period. Blackstone Inc. raised its position in shares of Healthpeak Properties by 23.4% in the first quarter. Blackstone Inc. now owns 11,732,241 shares of the company’s stock worth $402,768,000 after acquiring an additional 2,227,000 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Healthpeak Properties by 1.7% in the first quarter. Vanguard Group Inc. now owns 87,540,866 shares of the company’s stock worth $3,005,279,000 after acquiring an additional 1,479,620 shares during the period. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

NYSE:PEAK opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 3.00 and a beta of 0.81. The company’s 50-day moving average is $24.18 and its two-hundred day moving average is $26.78. Healthpeak Properties, Inc. has a 1-year low of $21.41 and a 1-year high of $36.85.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, November 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.20 annualized dividend and a yield of 5.00%. Healthpeak Properties’s payout ratio is 125.00%.

Analyst Ratings Changes

PEAK has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Healthpeak Properties from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a research report on Wednesday, September 28th. Barclays cut their target price on shares of Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, September 9th. Mizuho cut their target price 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, Morgan Stanley cut their target price on shares of Healthpeak Properties from $27.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.33.

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.

See Also

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

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