Healthpeak Properties, Inc. (NYSE:DOC) Declares Quarterly Dividend of $0.31

Healthpeak Properties, Inc. (NYSE:DOC) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.305 per share by the real estate investment trust on Wednesday, February 26th. This represents a $1.22 dividend on an annualized basis and a yield of 5.98%. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.30.

Healthpeak Properties has increased its dividend by an average of 34.0% annually over the last three years. Healthpeak Properties has a payout ratio of 428.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Healthpeak Properties to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 64.5%.

Healthpeak Properties Stock Down 1.2 %

Shares of DOC opened at $20.41 on Tuesday. The firm has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $21.55. The company has a market cap of $14.27 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.22 and a beta of 1.15. Healthpeak Properties has a one year low of $16.01 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho cut their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus price target of $24.15.

Healthpeak Properties Company 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.