Cohen & Steers Inc. Increases Stake in Healthpeak Properties Inc By Investing.com

© Reuters.

© Reuters. Cohen & Steers Inc. increased its stake in Healthpeak Properties Inc

On December 31, Cohen & Steers (NYSE 🙂 Inc. added 28 million shares of Healthpeak Properties Inc (NYSE 🙂 for $ 841 million at an average price of $ 30.23 per share. Shares of Healthpeak Properties Inc are down -5.43% since the transaction. Cohen & Steers Inc.’s stake in Healthpeak Properties Inc increased to approximately 57 million shares with the purchase. Cohen & Steers Inc. first purchased shares of Healthpeak Properties Inc in the first quarter of 2015. Cohen & Steers Inc. also owns Public Storage (NYSE :), Simon Property Group Inc (NYSE :), Welltower Inc (NYSE 🙂 and Essex Property Trust Inc (NYSE :). Healthpeak Properties Inc is its number three position by number of shares and market value among the shares of real estate investment trusts. Other investors who also increased their shares in Healthpeak Properties Inc include Eaton Vance (NYSE 🙂 Management, Manning & Napier Group and Centersquare Investment Management. In contrast, Barrow, Hanley, Mewhinney & Strauss, California State Teachers Retirement System, and Citigroup (NYSE 🙂 reduced PEAK shares, while Bridgewater Associates sold all of their PEAK shares. Cohen & Steers Inc. has also recently reduced its stake in Agree Realty Corp (NYSE 🙂 and Kilroy Realty Corp (NYSE :). The total value of the shares sold is estimated to be around $ 347 million. Additionally, Cohen & Steers Inc. increased its stake in VEREIT Inc (NYSE :). The total value of the shares purchased is estimated to be around $ 601 million. Cohen & Steers Inc. also increased its stake in Healthcare Trust of America Inc (HTA) and CyrusOne Inc (NASDAQ :). The total value of the shares purchased is estimated to be around $ 1.3 billion.

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