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

CHURCHILL MANAGEMENT Corp boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 337,883 shares of the real estate investment trust’s stock after acquiring an additional 20,544 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Healthpeak Properties were worth $6,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DOC. HM Payson & Co. acquired a new position in Healthpeak Properties in the third quarter valued at approximately $25,000. S.A. Mason LLC acquired a new position in shares of Healthpeak Properties in the 3rd quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Healthpeak Properties in the third quarter valued at approximately $29,000. Fortitude Family Office LLC bought a new position in Healthpeak Properties during the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. bought a new position in shares of Healthpeak Properties during the third quarter worth about $33,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $20.31 on Thursday. Healthpeak Properties, Inc. has a 12-month low of $16.01 and a 12-month high of $23.26. The company has a market cap of $14.21 billion, a P/E ratio of 43.21, a PEG ratio of 2.31 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 company has a fifty day simple moving average of $20.98 and a 200 day simple moving average of $21.48.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $682.51 million. Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DOC shares. Wells Fargo & Company lowered their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Mizuho reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their target price on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average price target of $24.15.

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.