Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on November 25th

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, November 13th.

Healthpeak Properties has a dividend payout ratio of 369.7% indicating that 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 $1.79 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 68.2%.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $20.44 on Wednesday. The company has a 50 day moving average of $19.73 and a 200 day moving average of $19.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.09 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.54 and a beta of 1.01. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.95.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.41). Healthpeak Properties had a return on equity of 4.04% and a net margin of 12.32%. The firm had revenue of $820.89 million during the quarter, compared to analysts’ expectations of $739.18 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Healthpeak Properties will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings upgraded Healthpeak Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Barclays dropped their price objective on Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Citigroup boosted their target price on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald decreased their target price on Healthpeak Properties from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 4th. Finally, Wall Street Zen cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.47.

About Healthpeak Properties

Healthpeak Properties, Inc. is a real estate investment trust that owns and operates properties serving the healthcare and life sciences industries. Its portfolio includes outpatient medical buildings, life science facilities and senior housing communities. The company’s properties are located across the United States, with investments in major healthcare and life science markets. In 2024, Healthpeak completed its merger with Physicians Realty Trust, expanding its portfolio of outpatient medical properties.