Huntington National Bank Cuts Stake in Healthpeak Properties, Inc. (NYSE:PEAK)

Huntington National Bank lowered its position in shares of Healthpeak Properties, Inc. (NYSE:PEAKFree Report) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,381 shares of the company’s stock after selling 1,883 shares during the period. Huntington National Bank’s holdings in Healthpeak Properties were worth $191,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Healthpeak Properties by 88.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 28,362 shares of the company’s stock valued at $570,000 after buying an additional 13,288 shares during the period. Stoneridge Investment Partners LLC bought a new position in Healthpeak Properties in the second quarter worth about $782,000. ProShare Advisors LLC raised its holdings in Healthpeak Properties by 0.9% in the second quarter. ProShare Advisors LLC now owns 106,370 shares of the company’s stock worth $2,138,000 after purchasing an additional 903 shares in the last quarter. Mirador Capital Partners LP raised its holdings in Healthpeak Properties by 9.8% in the third quarter. Mirador Capital Partners LP now owns 14,480 shares of the company’s stock worth $266,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in Healthpeak Properties by 8.3% in the second quarter. Truist Financial Corp now owns 312,492 shares of the company’s stock worth $6,281,000 after purchasing an additional 23,834 shares in the last quarter. Hedge funds and other institutional investors own 92.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush reiterated a “neutral” rating and issued a $19.00 target price on shares of Healthpeak Properties in a report on Tuesday, October 31st. Scotiabank upgraded shares of Healthpeak Properties from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $20.00 to $23.00 in a report on Friday, January 12th. Bank of America downgraded shares of Healthpeak Properties from a “neutral” rating to an “underperform” rating and set a $17.50 target price for the company. in a report on Monday, November 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthpeak Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $21.00 target price for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Healthpeak Properties presently has an average rating of “Hold” and an average price target of $23.05.

Check Out Our Latest Stock Analysis on PEAK

Healthpeak Properties Stock Performance

PEAK opened at $17.34 on Monday. Healthpeak Properties, Inc. has a 52-week low of $15.24 and a 52-week high of $26.80. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market cap of $9.49 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 8.01 and a beta of 1.03. The firm’s 50-day moving average price is $19.33 and its 200-day moving average price is $18.86.

Healthpeak Properties (NYSE:PEAKGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.32). The firm had revenue of $553.65 million during the quarter, compared to analysts’ expectations of $553.77 million. Healthpeak Properties had a net margin of 13.97% and a return on equity of 4.34%. Healthpeak Properties’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.79 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Wednesday, February 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. Healthpeak Properties’s dividend payout ratio is currently 214.29%.

About Healthpeak Properties

(Free Report)

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.

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

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