Wendell David Associates Inc. Acquires New Stake in Healthpeak Properties, Inc. (NYSE:PEAK)


Share on StockTwits

Wendell David Associates Inc. acquired a new stake in Healthpeak Properties, Inc. (NYSE:PEAK) during the first quarter, according to its most recent filing with the SEC. The firm acquired 11,600 shares of the company’s stock, valued at approximately $368,000.

A number of other large investors have also recently bought and sold shares of PEAK. Norges Bank purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth $167,833,000. Daiwa Securities Group Inc. boosted its position in shares of Healthpeak Properties by 34.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,529,199 shares of the company’s stock worth $378,757,000 after purchasing an additional 3,214,671 shares in the last quarter. BlackRock Inc. boosted its position in shares of Healthpeak Properties by 5.8% in the 4th quarter. BlackRock Inc. now owns 56,298,227 shares of the company’s stock worth $1,701,894,000 after buying an additional 3,063,488 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 14.6% in the 4th quarter. JPMorgan Chase & Co. now owns 19,134,186 shares of the company’s stock worth $578,426,000 after buying an additional 2,431,022 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Healthpeak Properties by 47.8% in the 4th quarter. Morgan Stanley now owns 3,878,718 shares of the company’s stock worth $117,255,000 after buying an additional 1,254,155 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Several research firms recently commented on PEAK. Capital One Financial upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 20th. Wells Fargo & Company boosted their target price on shares of Healthpeak Properties from $25.00 to $32.00 in a research note on Wednesday, April 14th. Bank of America raised shares of Healthpeak Properties from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.00 to $35.50 in a research note on Tuesday, March 30th. Barclays boosted their target price on shares of Healthpeak Properties from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, December 29th. Finally, Morgan Stanley boosted their target price 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Healthpeak Properties presently has a consensus rating of “Hold” and a consensus price target of $30.77.

PEAK traded down $0.02 on Thursday, reaching $34.30. 35,207 shares of the company’s stock were exchanged, compared to its average volume of 3,518,880. The company’s 50 day moving average is $31.90 and its 200-day moving average is $30.44. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 7.73 and a beta of 0.72. Healthpeak Properties, Inc. has a twelve month low of $20.56 and a twelve month high of $34.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.71 and a current ratio of 0.71.

Healthpeak Properties (NYSE:PEAK) last released its quarterly earnings results on Monday, February 8th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.23. Healthpeak Properties had a return on equity of 4.19% and a net margin of 13.46%. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.63 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 5th. Shareholders of record on Monday, February 22nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, February 19th. Healthpeak Properties’s dividend payout ratio is presently 68.18%.

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, Medical Office and Senior Housing, designed to provide stability through the inevitable industry cycles.

Featured Article: Key terms to understand channel trading

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

Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.