Curbstone Financial Management Corp Has $582,000 Position in Healthpeak Properties, Inc. (NYSE:PEAK)

Curbstone Financial Management Corp cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAK) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,950 shares of the company’s stock after selling 4,050 shares during the period. Curbstone Financial Management Corp’s holdings in Healthpeak Properties were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PEAK. Norges Bank acquired a new position in shares of Healthpeak Properties in the 4th quarter worth approximately $386,590,000. Invesco Ltd. increased its stake in Healthpeak Properties by 96.4% in the first quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock valued at $395,209,000 after purchasing an additional 5,650,120 shares in the last quarter. State Street Corp raised its holdings in shares of Healthpeak Properties by 8.8% during the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock valued at $1,328,897,000 after purchasing an additional 3,142,939 shares during the period. Resolution Capital Ltd boosted its position in shares of Healthpeak Properties by 25.5% during the 4th quarter. Resolution Capital Ltd now owns 13,395,628 shares of the company’s stock worth $335,828,000 after purchasing an additional 2,725,867 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Healthpeak Properties by 226.9% during the 1st quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock valued at $124,156,000 after purchasing an additional 2,510,133 shares in the last quarter. 92.55% of the stock is owned by institutional investors.

Healthpeak Properties Price Performance

PEAK traded up $0.41 during trading on Thursday, reaching $20.27. The stock had a trading volume of 556,799 shares, compared to its average volume of 4,245,134. The business has a 50-day moving average of $20.86 and a 200-day moving average of $21.02. Healthpeak Properties, Inc. has a one year low of $19.08 and a one year high of $28.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $11.09 billion, a PE ratio of 20.47, a PEG ratio of 2.43 and a beta of 0.88.

Healthpeak Properties (NYSE:PEAK) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.35). The firm had revenue of $545.43 million for the quarter, compared to the consensus estimate of $535.70 million. Healthpeak Properties had a net margin of 25.05% and a return on equity of 7.48%. During the same quarter last year, the company posted $0.44 earnings per share. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.75 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Friday, August 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 123.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEAK. Barclays reduced their price objective on shares of Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. Morgan Stanley lowered their target price on Healthpeak Properties from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.45.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates and develops high-quality real estate for healthcare discovery and delivery.