Metis Global Partners LLC lifted its holdings in shares of Healthpeak Properties, Inc. (NYSE:PEAK – Free Report) by 1.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 107,510 shares of the company’s stock after acquiring an additional 1,161 shares during the period. Metis Global Partners LLC’s holdings in Healthpeak Properties were worth $1,974,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Jump Financial LLC purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $230,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Healthpeak Properties by 5.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 822,550 shares of the company’s stock valued at $15,102,000 after buying an additional 45,296 shares during the last quarter. Victory Capital Management Inc. boosted its position in Healthpeak Properties by 44.2% in the third quarter. Victory Capital Management Inc. now owns 441,116 shares of the company’s stock valued at $8,099,000 after buying an additional 135,243 shares during the last quarter. Ieq Capital LLC boosted its position in Healthpeak Properties by 22.7% in the third quarter. Ieq Capital LLC now owns 20,270 shares of the company’s stock valued at $372,000 after buying an additional 3,752 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Healthpeak Properties in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 92.55% of the company’s stock.
Healthpeak Properties Trading Down 3.1 %
Shares of PEAK stock opened at $18.63 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 8.79 and a beta of 1.06. The stock has a 50 day simple moving average of $19.16 and a 200-day simple moving average of $19.06. Healthpeak Properties, Inc. has a 1-year low of $15.24 and a 1-year high of $28.43.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PEAK. BNP Paribas began coverage on Healthpeak Properties in a research report on Wednesday, October 11th. They issued an “underperform” rating and a $18.00 target price on the stock. Bank of America downgraded Healthpeak Properties from a “neutral” rating to an “underperform” rating and set a $17.50 price target for the company. in a report on Monday, November 13th. Wedbush reissued a “neutral” rating and issued a $19.00 price target on shares of Healthpeak Properties in a report on Tuesday, October 31st. Scotiabank raised Healthpeak Properties from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $20.00 to $23.00 in a report on Friday, January 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Healthpeak Properties in a report on Tuesday. They issued a “hold” rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Hold” and a consensus price target of $23.05.
Healthpeak Properties Profile
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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