Park Avenue Securities LLC Decreases Stock Position in Healthpeak Properties, Inc. (NYSE:PEAK)

Park Avenue Securities LLC reduced its position in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 9.6% in the third quarter, Holdings Channel.com reports. The fund owned 12,245 shares of the company’s stock after selling 1,302 shares during the period. Park Avenue Securities LLC’s holdings in Healthpeak Properties were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PEAK. Invesco Ltd. raised its holdings in Healthpeak Properties by 96.4% in the 1st 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 last quarter. State Street Corp raised its holdings in Healthpeak Properties by 8.8% in the 1st 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 last quarter. Eaton Vance Management raised its holdings in Healthpeak Properties by 226.9% in the 1st 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 last quarter. Millennium Management LLC raised its holdings in Healthpeak Properties by 288.4% in the 2nd quarter. Millennium Management LLC now owns 2,403,248 shares of the company’s stock worth $62,268,000 after acquiring an additional 1,784,519 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Healthpeak Properties by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 87,540,866 shares of the company’s stock valued at $3,005,279,000 after buying an additional 1,479,620 shares during the last quarter. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEAK has been the subject of a number of research reports. Wolfe Research upgraded shares of Healthpeak Properties from a “peer perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, September 28th. Morgan Stanley decreased 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. Jefferies Financial Group upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $29.00 in a research note on Monday, January 2nd. Evercore ISI upgraded shares of Healthpeak Properties from an “in-line” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday, November 21st. Finally, Royal Bank of Canada lowered shares of Healthpeak Properties from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $35.00 to $28.00 in a research note on Wednesday, December 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.45.

Insider Buying and Selling

In related news, Director Christine Garvey sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $25.11, for a total value of $25,110.00. Following the completion of the transaction, the director now owns 23,827 shares of the company’s stock, valued at approximately $598,295.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by insiders.

Healthpeak Properties Trading Up 1.7 %

Shares of Healthpeak Properties stock opened at $27.31 on Tuesday. The company has a market capitalization of $14.68 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $25.65 and a 200 day moving average of $25.47. Healthpeak Properties, Inc. has a fifty-two week low of $21.41 and a fifty-two week high of $35.72.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 125.00%.

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.

Featured Articles

Want to see what other hedge funds are holding PEAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:PEAKGet Rating).

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

Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.