Rockefeller Capital Management L.P. Raises Stock Position in Healthpeak Properties, Inc. (NYSE:PEAK)

Rockefeller Capital Management L.P. lifted its stake in shares of Healthpeak Properties, Inc. (NYSE:PEAK) by 13.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,356 shares of the company’s stock after purchasing an additional 3,091 shares during the period. Rockefeller Capital Management L.P.’s holdings in Healthpeak Properties were worth $844,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Cohen & Steers Inc. grew its position in shares of Healthpeak Properties by 23.5% during the first quarter. Cohen & Steers Inc. now owns 70,123,019 shares of the company’s stock worth $2,225,742,000 after buying an additional 13,345,452 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Healthpeak Properties by 1.0% during the first quarter. Geode Capital Management LLC now owns 10,381,809 shares of the company’s stock worth $328,704,000 after buying an additional 104,241 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Healthpeak Properties by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,839,036 shares of the company’s stock worth $248,814,000 after buying an additional 26,047 shares in the last quarter. American Century Companies Inc. grew its position in shares of Healthpeak Properties by 6.5% during the second quarter. American Century Companies Inc. now owns 6,582,669 shares of the company’s stock worth $219,137,000 after buying an additional 400,319 shares in the last quarter. Finally, Baupost Group LLC MA grew its position in shares of Healthpeak Properties by 24.2% during the first quarter. Baupost Group LLC MA now owns 4,966,911 shares of the company’s stock worth $157,650,000 after buying an additional 966,711 shares in the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.

PEAK stock opened at $34.45 on Wednesday. The company has a market capitalization of $18.57 billion, a P/E ratio of 37.04, a PEG ratio of 4.79 and a beta of 0.69. Healthpeak Properties, Inc. has a twelve month low of $25.51 and a twelve month high of $37.69. The business has a 50 day simple moving average of $35.81 and a 200-day simple moving average of $34.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Monday, August 9th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, August 6th. Healthpeak Properties’s payout ratio is currently 73.17%.

A number of brokerages have recently commented on PEAK. Royal Bank of Canada boosted their price objective on Healthpeak Properties from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 17th. Wells Fargo & Company upped their price target on Healthpeak Properties from $32.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, July 23rd. Argus upped their price target on Healthpeak Properties from $34.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, June 15th. Mizuho reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Healthpeak Properties in a report on Wednesday, July 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 price target (up from $33.00) on shares of Healthpeak Properties in a report on Wednesday, May 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of “Buy” and a consensus 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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