Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Healthpeak Properties (NASDAQ:PEAK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 150,852 shares of the company’s stock, valued at approximately $5,200,000.
Several other large investors also recently bought and sold shares of the business. State Street Corp purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $1,204,659,000. Resolution Capital Ltd purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $341,784,000. PGGM Investments purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $320,756,000. Principal Financial Group Inc. purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $316,567,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Healthpeak Properties during the fourth quarter worth $227,489,000.
Several equities research analysts have issued reports on PEAK shares. Mizuho restated a “buy” rating and set a $38.00 target price on shares of Healthpeak Properties in a research report on Wednesday, February 12th. BMO Capital Markets restated a “buy” rating and set a $38.00 target price on shares of Healthpeak Properties in a research report on Thursday, February 13th.
Healthpeak Properties stock opened at $37.15 on Friday. Healthpeak Properties has a fifty-two week low of $28.86 and a fifty-two week high of $37.93. The stock has a fifty day moving average price of $36.17.
Healthpeak Properties (NASDAQ:PEAK) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.35). The firm had revenue of $531.69 million for the quarter, compared to analysts’ expectations of $540.80 million.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 annualized dividend and a dividend yield of 3.98%.
Healthpeak Properties 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, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles.
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