Citigroup Inc. Sells 97,408 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Citigroup Inc. decreased its holdings in Healthpeak Properties, Inc. (NYSE:PEAK) by 6.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,525,065 shares of the company’s stock after selling 97,408 shares during the quarter. Citigroup Inc.’s holdings in Healthpeak Properties were worth $50,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEAK. Cohen & Steers Inc. boosted its stake in Healthpeak Properties by 23.5% during the first quarter. Cohen & Steers Inc. now owns 70,123,019 shares of the company’s stock valued at $2,225,742,000 after buying an additional 13,345,452 shares during the last quarter. Cullen Capital Management LLC raised its position in Healthpeak Properties by 314.3% during the first quarter. Cullen Capital Management LLC now owns 4,547,217 shares of the company’s stock valued at $144,329,000 after purchasing an additional 3,449,768 shares during the period. Baupost Group LLC MA raised its position in Healthpeak Properties by 24.2% during the first quarter. Baupost Group LLC MA now owns 4,966,911 shares of the company’s stock valued at $157,650,000 after purchasing an additional 966,711 shares during the period. Morgan Stanley raised its position in Healthpeak Properties by 19.4% during the first quarter. Morgan Stanley now owns 4,630,085 shares of the company’s stock valued at $146,959,000 after purchasing an additional 751,367 shares during the period. Finally, Credit Suisse AG raised its position in Healthpeak Properties by 39.6% during the first quarter. Credit Suisse AG now owns 2,045,750 shares of the company’s stock valued at $64,932,000 after purchasing an additional 580,102 shares during the period. 92.79% of the stock is owned by institutional investors.

PEAK opened at $35.37 on Wednesday. The stock’s fifty day moving average is $35.77 and its two-hundred day moving average is $33.94. The company has a market capitalization of $19.06 billion, a P/E ratio of 38.03, a PEG ratio of 4.79 and a beta of 0.69. Healthpeak Properties, Inc. has a 52 week low of $25.51 and a 52 week high of $37.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

The business also recently announced a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Monday, August 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 6th. This represents a $1.20 annualized dividend and a yield of 3.39%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 73.17%.

A number of brokerages have issued reports on PEAK. Berenberg Bank upgraded Healthpeak Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 20th. Argus upped their price objective on Healthpeak Properties from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, June 15th. Mizuho restated a “neutral” rating and set a $32.00 price objective on shares of Healthpeak Properties in a research report on Wednesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of Healthpeak Properties in a research report on Wednesday, May 26th. Finally, Wells Fargo & Company increased their price target on Healthpeak Properties from $32.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, July 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $34.85.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust, which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells, and manages healthcare real estate and provides mortgage and other financing to healthcare providers. It operates through the following business segments: Life Science, Medical Office and Continuing Care Retirement Community(CCRC).

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

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