Illinois Municipal Retirement Fund Has $10.41 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Illinois Municipal Retirement Fund increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 131.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,791 shares of the real estate investment trust's stock after acquiring an additional 292,630 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Healthpeak Properties worth $10,409,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DOC. Sigma Planning Corp increased its stake in Healthpeak Properties by 9.3% in the fourth quarter. Sigma Planning Corp now owns 11,861 shares of the real estate investment trust's stock valued at $240,000 after purchasing an additional 1,011 shares in the last quarter. National Pension Service acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at approximately $22,628,000. Proficio Capital Partners LLC bought a new stake in shares of Healthpeak Properties during the fourth quarter worth $1,086,000. QRG Capital Management Inc. raised its holdings in shares of Healthpeak Properties by 8.9% during the fourth quarter. QRG Capital Management Inc. now owns 26,898 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 2,188 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in Healthpeak Properties by 3.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 243,976 shares of the real estate investment trust's stock valued at $4,945,000 after acquiring an additional 6,998 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DOC shares. Wall Street Zen upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Robert W. Baird lowered their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Evercore ISI decreased their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Argus reiterated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.27.

Healthpeak Properties Stock Performance

NYSE:DOC traded up $0.36 during mid-day trading on Tuesday, hitting $17.87. 6,284,601 shares of the stock were exchanged, compared to its average volume of 5,270,867. The firm's 50-day simple moving average is $17.46 and its 200 day simple moving average is $19.08. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The company had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter last year, the firm earned $0.45 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio is presently 305.00%.

Insider Activity

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

About Healthpeak Properties

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.