Nvwm LLC lifted its position in shares of Healthpeak Properties (NASDAQ:PEAK) by 108.4% during the 1st quarter, Holdings Channel reports. The firm owned 3,335 shares of the company’s stock after purchasing an additional 1,735 shares during the quarter. Nvwm LLC’s holdings in Healthpeak Properties were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Commerce Bank boosted its holdings in shares of Healthpeak Properties by 39.4% during the 1st quarter. Commerce Bank now owns 22,696 shares of the company’s stock worth $542,000 after buying an additional 6,412 shares during the period. Hancock Whitney Corp bought a new stake in shares of Healthpeak Properties during the 1st quarter worth about $230,000. ETRADE Capital Management LLC bought a new stake in shares of Healthpeak Properties during the 1st quarter worth about $733,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Healthpeak Properties by 10.2% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 6,329 shares of the company’s stock worth $150,000 after buying an additional 586 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Healthpeak Properties by 25.7% during the 1st quarter. Swiss National Bank now owns 2,677,386 shares of the company’s stock worth $63,856,000 after buying an additional 547,800 shares during the period.
Several analysts recently commented on PEAK shares. Morgan Stanley reduced their target price on shares of Healthpeak Properties from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $30.00 target price on shares of Healthpeak Properties in a report on Friday. TheStreet downgraded shares of Healthpeak Properties from a “b-” rating to a “c” rating in a report on Thursday, February 27th. Raymond James downgraded shares of Healthpeak Properties from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. Finally, Citigroup cut their price objective on shares of Healthpeak Properties from $38.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.00.
In other news, Director Sara Grootwassink Lewis bought 3,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $32.13 per share, for a total transaction of $96,390.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NASDAQ:PEAK traded up $0.14 during midday trading on Friday, hitting $24.36. The stock had a trading volume of 140,132 shares, compared to its average volume of 4,420,309. The stock has a 50-day moving average price of $24.48. Healthpeak Properties has a fifty-two week low of $18.63 and a fifty-two week high of $37.93.
Healthpeak Properties (NASDAQ:PEAK) last issued its earnings results on Tuesday, May 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.44 by $0.10. The firm had revenue of $585.20 million during the quarter, compared to analyst estimates of $531.36 million. The business’s revenue was up 34.2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Thursday, May 7th.
Healthpeak Properties Profile
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, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles.
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