CHURCHILL MANAGEMENT Corp Acquires 20,544 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

CHURCHILL MANAGEMENT Corp grew its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,883 shares of the real estate investment trust's stock after acquiring an additional 20,544 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Healthpeak Properties were worth $6,849,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Healthpeak Properties in the second quarter worth $66,000. Point72 DIFC Ltd acquired a new stake in Healthpeak Properties during the 2nd quarter worth $161,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Healthpeak Properties during the 2nd quarter worth $9,024,000. Centaurus Financial Inc. bought a new position in Healthpeak Properties during the second quarter worth about $227,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Healthpeak Properties in the third quarter valued at about $108,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent analyst reports. Mizuho lowered their price target on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average target price of $24.15.

Healthpeak Properties Stock Up 1.8 %

Shares of NYSE DOC traded up $0.37 during mid-day trading on Thursday, hitting $20.69. The company had a trading volume of 2,861,634 shares, compared to its average volume of 3,668,893. Healthpeak Properties, Inc. has a one year low of $16.01 and a one year high of $23.26. The company has a market capitalization of $14.47 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $21.48.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. On average, equities analysts expect that Healthpeak Properties, Inc. will post 1.81 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.80%. Healthpeak Properties's payout ratio is 255.32%.

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.