CHURCHILL MANAGEMENT Corp Raises Position in Healthpeak Properties, Inc. (NYSE:DOC)

CHURCHILL MANAGEMENT Corp raised its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,478 shares of the real estate investment trust's stock after acquiring an additional 26,595 shares during the period. CHURCHILL MANAGEMENT Corp owned 0.05% of Healthpeak Properties worth $7,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DOC. Amalgamated Bank grew its position in shares of Healthpeak Properties by 2.2% during the first quarter. Amalgamated Bank now owns 136,884 shares of the real estate investment trust's stock worth $2,768,000 after acquiring an additional 3,001 shares during the last quarter. Naviter Wealth LLC boosted its stake in Healthpeak Properties by 4.0% during the 1st quarter. Naviter Wealth LLC now owns 39,601 shares of the real estate investment trust's stock worth $800,000 after purchasing an additional 1,540 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Healthpeak Properties by 13.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,507 shares of the real estate investment trust's stock worth $2,534,000 after buying an additional 15,009 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Healthpeak Properties by 131.7% in the first quarter. Illinois Municipal Retirement Fund now owns 514,791 shares of the real estate investment trust's stock valued at $10,409,000 after purchasing an additional 292,630 shares during the period. Finally, MFG Wealth Management Inc. increased its holdings in shares of Healthpeak Properties by 1.2% in the first quarter. MFG Wealth Management Inc. now owns 125,119 shares of the real estate investment trust's stock valued at $2,530,000 after purchasing an additional 1,496 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

NYSE DOC traded up $0.39 during trading hours on Tuesday, reaching $17.90. The company's stock had a trading volume of 8,679,575 shares, compared to its average volume of 5,277,351. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The stock has a market cap of $12.44 billion, a PE ratio of 44.75, a PEG ratio of 1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. The company's 50-day moving average is $17.46 and its two-hundred day moving average is $19.08.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same period in the previous year, the firm posted $0.45 EPS. The company's quarterly revenue was up 15.9% compared to the same quarter last year. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were given a $0.1017 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DOC. Wedbush decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Scotiabank reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Robert W. Baird lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Argus reissued a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Wall Street Zen raised Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Sunday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Activity

In related news, CEO Scott M. Brinker acquired 2,750 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the transaction, the chief executive officer owned 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares in the company, valued at $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 29,764 shares of company stock worth $521,909 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

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.