Midwest Professional Planners LTD. boosted its stake in Healthpeak Properties, Inc. (NYSE:PEAK – Get Rating) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,140 shares of the company’s stock after buying an additional 486 shares during the period. Midwest Professional Planners LTD.’s holdings in Healthpeak Properties were worth $655,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management increased its position in Healthpeak Properties by 72.2% in the fourth quarter. Spire Wealth Management now owns 1,345 shares of the company’s stock worth $49,000 after buying an additional 564 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at $63,000. O Shaughnessy Asset Management LLC boosted its stake in Healthpeak Properties by 19.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,374 shares of the company’s stock valued at $79,000 after buying an additional 386 shares in the last quarter. TAP Consulting LLC bought a new position in Healthpeak Properties during the fourth quarter valued at about $79,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Healthpeak Properties by 834.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,242 shares of the company’s stock valued at $81,000 after buying an additional 2,002 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.
PEAK has been the subject of several research reports. Morgan Stanley decreased their target price on Healthpeak Properties from $35.50 to $34.50 and set an “equal weight” rating for the company in a research note on Monday, March 7th. Credit Suisse Group increased their price target on Healthpeak Properties from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.94.
Healthpeak Properties (NYSE:PEAK – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.29). The business had revenue of $498.40 million during the quarter, compared to analyst estimates of $490.02 million. Healthpeak Properties had a net margin of 22.11% and a return on equity of 4.22%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Analysts forecast that Healthpeak Properties, Inc. will post 1.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Monday, May 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, May 6th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 151.90%.
Healthpeak Properties 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.
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