Spirit of America Management Corp NY Sells 2,000 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Spirit of America Management Corp NY reduced its position in shares of Healthpeak Properties, Inc. (NYSE:PEAKFree Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,568 shares of the company’s stock after selling 2,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Healthpeak Properties were worth $249,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TCM Advisors LLC bought a new position in shares of Healthpeak Properties during the 2nd quarter valued at approximately $12,864,000. Certified Advisory Corp bought a new position in Healthpeak Properties in the 1st quarter worth approximately $33,000. CENTRAL TRUST Co boosted its stake in Healthpeak Properties by 321.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,226 shares of the company’s stock worth $28,000 after purchasing an additional 935 shares during the period. Bruce G. Allen Investments LLC bought a new position in Healthpeak Properties in the 4th quarter worth approximately $26,000. Finally, Worth Asset Management LLC bought a new position in Healthpeak Properties in the 1st quarter worth approximately $45,000. 92.55% of the stock is currently owned by institutional investors.

Insider Activity

In other Healthpeak Properties news, Director Sara Grootwassink Lewis acquired 18,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $16.71 per share, for a total transaction of $300,780.00. Following the completion of the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at $367,620. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Healthpeak Properties Stock Up 2.1 %

NYSE:PEAK opened at $17.10 on Monday. Healthpeak Properties, Inc. has a twelve month low of $15.24 and a twelve month high of $24.46. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 4.00 and a beta of 1.01. The stock has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $18.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.

Healthpeak Properties (NYSE:PEAKGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.32). Healthpeak Properties had a net margin of 13.97% and a return on equity of 4.34%. The firm had revenue of $553.65 million for the quarter, compared to analysts’ expectations of $553.77 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts anticipate that Healthpeak Properties, Inc. will post 1.77 EPS for the current year.

Healthpeak Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Wednesday, February 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend was Tuesday, February 13th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 214.29%.

Analysts Set New Price Targets

PEAK has been the subject of a number of research reports. Scotiabank lowered their target price on Healthpeak Properties from $23.00 to $22.00 and set a “sector outperform” rating for the company in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Healthpeak Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $21.00 price target for the company. Finally, BNP Paribas upgraded Healthpeak Properties from an “underperform” rating to a “neutral” rating and set a $19.00 price target for the company in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties currently has an average rating of “Hold” and a consensus target price of $23.05.

Read Our Latest Report on PEAK

About Healthpeak Properties

(Free Report)

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.

Further Reading

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

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