Healthpeak Properties (NASDAQ:PEAK) Now Covered by Analysts at Berenberg Bank
Berenberg Bank started coverage on shares of Healthpeak Properties (NASDAQ:PEAK) in a research report report published on Thursday, The Fly reports. The brokerage issued a hold rating on the stock.
Several other equities analysts have also issued reports on the company. BMO Capital Markets reissued a buy rating and set a $30.00 target price on shares of Healthpeak Properties in a research note on Friday, May 22nd. Raymond James cut shares of Healthpeak Properties from an outperform rating to a market perform rating in a research report on Wednesday, April 29th. Barclays restated a buy rating and issued a $28.00 price objective on shares of Healthpeak Properties in a report on Wednesday, April 8th. Morgan Stanley cut their target price on shares of Healthpeak Properties from $35.00 to $28.00 and set an equal weight rating on the stock in a research note on Tuesday, March 17th. Finally, Bank of America downgraded shares of Healthpeak Properties from a buy rating to a neutral rating in a research note on Monday, March 23rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $28.40.
Shares of Healthpeak Properties stock traded down $0.35 on Thursday, reaching $28.47. The company had a trading volume of 3,425,885 shares, compared to its average volume of 4,707,479. The business has a 50 day simple moving average of $26.03. Healthpeak Properties has a 52-week low of $18.63 and a 52-week high of $37.93.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at about $347,517,000. Geode Capital Management LLC acquired a new stake in Healthpeak Properties during the fourth quarter worth approximately $338,518,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $319,827,000. Nuveen Asset Management LLC purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $285,928,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Healthpeak Properties in the 4th quarter valued at $272,706,000.
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, Senior Housing and Medical Office, designed to provide stability through the inevitable industry cycles.
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