Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on July 31st

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, July 9th. Investors of record on Monday, July 20th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, July 20th.

Healthpeak Properties has decreased its dividend by an average of 0.0%annually over the last three years. Healthpeak Properties has a payout ratio of 369.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Healthpeak Properties to earn $1.77 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 68.9%.

Healthpeak Properties Price Performance

Shares of DOC stock opened at $22.52 on Friday. The stock has a market cap of $15.53 billion, a PE ratio of 70.39, a PEG ratio of 3.47 and a beta of 1.02. Healthpeak Properties has a 52-week low of $15.70 and a 52-week high of $22.62. The firm’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $18.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The business had revenue of $752.95 million for the quarter, compared to the consensus estimate of $694.59 million. During the same period last year, the company posted $0.46 EPS. Healthpeak Properties’s revenue for the quarter was up 7.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. As a group, analysts forecast that Healthpeak Properties will post 1.75 EPS for the current year.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.