AlphaCrest Capital Management LLC Buys 29,291 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

AlphaCrest Capital Management LLC raised its stake in Healthpeak Properties, Inc. (NYSE:PEAKGet Rating) by 66.4% during the second quarter, HoldingsChannel.com reports. The fund owned 73,433 shares of the company’s stock after acquiring an additional 29,291 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Healthpeak Properties were worth $1,903,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PEAK. Invesco Ltd. grew its holdings in shares of Healthpeak Properties by 96.4% during the first quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock worth $395,209,000 after purchasing an additional 5,650,120 shares during the last quarter. State Street Corp grew its holdings in shares of Healthpeak Properties by 8.8% during the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock worth $1,328,897,000 after purchasing an additional 3,142,939 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Healthpeak Properties by 226.9% during the first quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock worth $124,156,000 after purchasing an additional 2,510,133 shares during the last quarter. Blackstone Inc. grew its holdings in shares of Healthpeak Properties by 23.4% during the first quarter. Blackstone Inc. now owns 11,732,241 shares of the company’s stock worth $402,768,000 after purchasing an additional 2,227,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Healthpeak Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 87,540,866 shares of the company’s stock worth $3,005,279,000 after purchasing an additional 1,479,620 shares during the last quarter. 95.24% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Down 0.6 %

NYSE:PEAK opened at $25.26 on Thursday. Healthpeak Properties, Inc. has a 1-year low of $21.41 and a 1-year high of $36.85. The business’s 50-day moving average price is $23.75 and its two-hundred day moving average price is $26.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.78 and a beta of 0.81.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, November 4th. Healthpeak Properties’s payout ratio is 125.00%.

Analyst Ratings Changes

Several analysts have recently commented on PEAK shares. Morgan Stanley decreased their target price on Healthpeak Properties from $27.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 1st. Barclays cut their price target on Healthpeak Properties from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, September 9th. Evercore ISI raised Healthpeak Properties from an “in-line” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday. Mizuho cut their price target on Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, July 29th. Finally, Wolfe Research raised Healthpeak Properties from a “peer perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Wednesday, September 28th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and a consensus price target of $31.27.

About Healthpeak Properties

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

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