Healthpeak Properties, Inc. (DOC) to Issue Dividend of $0.10 on April 30th

Healthpeak Properties, Inc. (NYSE:DOC) announced a dividend on Wednesday, April 16th, investing.com reports. Shareholders of record on Friday, April 18th will be given a dividend of 0.1017 per share by the real estate investment trust on Wednesday, April 30th. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th.

Healthpeak Properties has increased its dividend payment by an average of 26.4% per year over the last three years. Healthpeak Properties has a dividend payout ratio of 406.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Healthpeak Properties to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.22 annual dividend with an expected future payout ratio of 62.6%.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $18.75 on Friday. Healthpeak Properties has a twelve month low of $17.33 and a twelve month high of $23.26. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 53.56, a PEG ratio of 2.17 and a beta of 1.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $19.69 and its 200 day moving average is $20.72.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DOC shares. Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a report on Wednesday, January 15th. Robert W. Baird cut their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Scotiabank reduced their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Healthpeak Properties in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.