Healthpeak Properties, Inc. (NYSE:DOC) to Issue Monthly Dividend of $0.10

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, October 19th will be paid a dividend of $0.1017 per share by the real estate investment trust on Friday, October 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, October 19th.

Healthpeak Properties has decreased its dividend payment by an average of 0.0%annually over the last three years. Healthpeak Properties has a dividend 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 analysts expect Healthpeak Properties to earn $1.80 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 67.8%.

Healthpeak Properties Stock Up 1.2%

DOC opened at $19.68 on Friday. The firm has a market cap of $13.57 billion, a P/E ratio of 56.04, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The business has a 50 day moving average price of $20.94 and a 200 day moving average price of $19.75. Healthpeak Properties has a twelve month low of $15.70 and a twelve month high of $22.95.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. Healthpeak Properties’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Research analysts forecast that Healthpeak Properties will post 1.77 EPS for the current year.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.