Commerce Bank sells 1,572 shares of Healthpeak Properties, Inc. (NYSE: PEAK)

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Commerce Bank reduced its position in Healthpeak Properties, Inc. (NYSE: PEAK – Get Rating) by 9.0% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The institutional investor held 15,884 shares of the company after selling 1,572 shares during the quarter. Commerce Bank‘s holdings in Healthpeak Properties were worth $545,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold stocks. GHP Investment Advisors Inc. acquired a new stake in shares of Healthpeak Properties in the first quarter at a value of $26,000. Cyrus J. Lawrence LLC acquired a new stake in Healthpeak Properties in Q1 valued at approximately $29,000. Nauset Wealth Management. LLC acquired a new equity position in Healthpeak Properties during Q1 worth approximately $29,000. Carl Stuart Investment Advisor Inc. acquired a new equity position in Healthpeak Properties during Q1 worth approximately $32,000. Finally, Financial Advantage Inc. purchased a new stock position in Healthpeak Properties during Q1 worth approximately $34,000. 95.98% of the shares are currently held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several analysts have recently released reports on PEAK shares. Morgan Stanley cut its price target on Healthpeak Properties from $32.50 to $26.00 and set an “equal weight” rating for the company in a Friday, July 15 research note. Capital One Financial began covering Healthpeak Properties in a research report on Friday, June 3. They set an “equal weight” rating and a target price of $34.00 on the stock. Bank of America downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and set a price target of $32.00 for the stock. in a report on Thursday, May 19. Evercore ISI set a price target of $32.00 on Healthpeak Properties in a Monday, June 20 research note. Finally, Mizuho reduced its price target on Healthpeak Properties from $37.00 to $29.00 and set a “neutral” rating for the company in a Friday, July 29 research report. Seven research analysts gave the stock a hold rating and three gave the company’s stock a buy rating. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Hold” and an average price target of $33.09.

Healthpeak Property Price Performance

Healthpeak Properties stock opened Wednesday at $28.25. The company has a market capitalization of $15.24 billion, a P/E ratio of 68.90, a PEG ratio of 3.09 and a beta of 0.78. Healthpeak Properties, Inc. has a one-year low of $23.23 and a one-year high of $36.85. The company has a fifty-day moving average price of $26.32 and a 200-day moving average price of $30.30. The company has a debt ratio of 0.94, a current ratio of 0.83 and a quick ratio of 0.83.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19. Shareholders of record on Monday, August 8 will receive a dividend of $0.30. The ex-date of this dividend is Friday, August 5. This represents an annualized dividend of $1.20 and a dividend yield of 4.25%. Healthpeak Properties’ dividend payout ratio is currently 292.69%.

Healthpeak Properties Profile

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Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and an S&P 500 company. living, medical practices and senior housing, designed to provide stability through the inevitable cycles of industry.

Further reading

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



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