Huntington National Bank Acquires 1,105 Shares of Healthpeak Properties, Inc. (NYSE:PEAK)

Huntington National Bank grew its holdings in Healthpeak Properties, Inc. (NYSE:PEAK) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,348 shares of the company’s stock after purchasing an additional 1,105 shares during the period. Huntington National Bank’s holdings in Healthpeak Properties were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc. grew its position in Healthpeak Properties by 44.1% during the 3rd quarter. TD Asset Management Inc. now owns 184,109 shares of the company’s stock worth $4,999,000 after acquiring an additional 56,370 shares during the last quarter. JustInvest LLC bought a new stake in Healthpeak Properties during the 3rd quarter worth $202,000. Great West Life Assurance Co. Can grew its position in Healthpeak Properties by 4.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 934,820 shares of the company’s stock worth $25,376,000 after acquiring an additional 36,129 shares during the last quarter. Sei Investments Co. grew its position in Healthpeak Properties by 66.4% during the 3rd quarter. Sei Investments Co. now owns 2,720,448 shares of the company’s stock worth $73,838,000 after acquiring an additional 1,085,166 shares during the last quarter. Finally, IBM Retirement Fund grew its position in Healthpeak Properties by 39.0% during the 3rd quarter. IBM Retirement Fund now owns 17,516 shares of the company’s stock worth $476,000 after acquiring an additional 4,913 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

PEAK stock opened at $29.44 on Thursday. The stock’s 50 day simple moving average is $29.65 and its 200 day simple moving average is $29.05. Healthpeak Properties, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $37.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $15.85 billion, a P/E ratio of 46.73, a price-to-earnings-growth ratio of 5.77 and a beta of 0.65.

Healthpeak Properties (NYSE:PEAK) last posted its quarterly earnings results on Monday, November 2nd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.51). Healthpeak Properties had a return on equity of 4.57% and a net margin of 14.60%. The firm had revenue of $597.70 million for the quarter, compared to analyst estimates of $592.33 million. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts predict that Healthpeak Properties, Inc. will post 1.64 earnings per share for the current year.

PEAK has been the topic of several recent research reports. Mizuho downgraded Healthpeak Properties from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $29.00 in a report on Friday, October 16th. KeyCorp downgraded Healthpeak Properties from an “overweight” rating to a “sector weight” rating in a report on Monday, December 14th. Barclays lifted their target price on Healthpeak Properties from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, December 29th. Smith Barney Citigroup boosted their price objective on Healthpeak Properties from $28.00 to $30.00 in a research note on Tuesday, December 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Healthpeak Properties from $28.00 to $30.00 in a research note on Tuesday, December 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $29.15.

About Healthpeak Properties

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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