Fifth Third Bancorp raised its stake in shares of Healthpeak Properties, Inc. (NASDAQ:PEAK) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,568 shares of the company’s stock after buying an additional 17,824 shares during the period. Fifth Third Bancorp’s holdings in Healthpeak Properties were worth $3,328,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of Healthpeak Properties by 129.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,008 shares of the company’s stock valued at $27,000 after buying an additional 569 shares during the period. Sandy Spring Bank boosted its stake in shares of Healthpeak Properties by 55.1% during the 3rd quarter. Sandy Spring Bank now owns 1,126 shares of the company’s stock valued at $31,000 after buying an additional 400 shares during the period. Biltmore Capital Advisors LLC acquired a new stake in shares of Healthpeak Properties during the 3rd quarter valued at $36,000. Costello Asset Management INC acquired a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $54,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Healthpeak Properties by 59.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,022 shares of the company’s stock valued at $56,000 after buying an additional 754 shares during the period.
PEAK has been the subject of several analyst reports. Barclays lifted their price objective on shares of Healthpeak Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Morgan Stanley lifted their price objective on shares of Healthpeak Properties from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. Raymond James reaffirmed a “buy” rating on shares of Healthpeak Properties in a research note on Wednesday, November 4th. Mizuho lowered shares of Healthpeak Properties from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $29.00 in a research note on Friday, October 16th. Finally, Stifel Nicolaus initiated coverage on shares of Healthpeak Properties in a research note on Tuesday, September 1st. They issued a “buy” rating and a $31.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.82.
NASDAQ:PEAK opened at $30.57 on Friday. The firm’s 50-day moving average is $28.36 and its 200-day moving average is $27.17. Healthpeak Properties, Inc. has a 52-week low of $18.63 and a 52-week high of $37.64.
Healthpeak Properties (NASDAQ:PEAK) last posted its quarterly earnings data on Monday, November 2nd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.51). The firm had revenue of $597.70 million for the quarter, compared to the consensus estimate of $592.33 million. The company’s quarterly revenue was up 11.1% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 10th. This represents a $1.48 annualized dividend and a dividend yield of 4.84%.
Healthpeak Properties Company 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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