Healthpeak Properties, Inc. (NYSE:PEAK) reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as $34.50 and last traded at $34.28, with a volume of 9193 shares trading hands. The stock had previously closed at $34.34.
The newly announced dividend which will be paid on Friday, May 21st. Shareholders of record on Monday, May 10th will be paid a $0.30 dividend. The ex-dividend date is Friday, May 7th. This represents a $1.20 dividend on an annualized basis and a yield of 3.53%. Healthpeak Properties’s dividend payout ratio is presently 68.18%.
Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Healthpeak Properties from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 9th. Bank of America raised Healthpeak Properties from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $35.50 in a research report on Tuesday, March 30th. Wells Fargo & Company boosted their target price on Healthpeak Properties from $25.00 to $32.00 in a report on Wednesday, April 14th. Capital One Financial raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 20th. Finally, Morgan Stanley boosted their price objective on shares of Healthpeak Properties from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, March 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Healthpeak Properties presently has an average rating of “Hold” and an average target price of $30.77.
Healthpeak Properties (NYSE:PEAK) last posted its quarterly earnings results on Tuesday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.12). The company had revenue of $446.26 million for the quarter, compared to analyst estimates of $526.89 million. Healthpeak Properties had a net margin of 13.46% and a return on equity of 4.19%. Healthpeak Properties’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.63 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC increased its holdings in Healthpeak Properties by 488.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 78,251 shares of the company’s stock valued at $2,124,000 after acquiring an additional 64,951 shares in the last quarter. Brinker Capital Investments LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter worth approximately $709,000. Sei Investments Co. raised its position in shares of Healthpeak Properties by 66.4% during the 3rd quarter. Sei Investments Co. now owns 2,720,448 shares of the company’s stock worth $73,838,000 after purchasing an additional 1,085,166 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Healthpeak Properties by 22.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the company’s stock valued at $1,010,000 after buying an additional 6,100 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Healthpeak Properties by 5.7% during the 4th quarter. Huntington National Bank now owns 20,348 shares of the company’s stock valued at $615,000 after buying an additional 1,105 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.
Healthpeak Properties Company Profile (NYSE:PEAK)
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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