Healthpeak Properties, Inc. (NYSE:DOC) Increases Dividend to $0.30 Per Share

Healthpeak Properties, Inc. (NYSE:DOC) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Monday, May 6th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Friday, May 3rd. This is an increase from Healthpeak Properties’s previous quarterly dividend of $0.23.

Healthpeak Properties has a payout ratio of 418.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Healthpeak Properties to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 49.2%.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $18.61 on Wednesday. The firm’s 50 day simple moving average is $16.95 and its 200-day simple moving average is $13.87. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38. The company has a market cap of $13.10 billion, a P/E ratio of 53.17, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.67.

Wall Street Analyst Weigh In

Several research firms recently commented on DOC. BNP Paribas upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $21.00 in a research note on Friday, April 26th. Bank of America raised shares of Healthpeak Properties from an “underperform” rating to a “buy” rating and upped their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. Compass Point reduced their price target on shares of Healthpeak Properties from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, January 2nd. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada upped their price target on shares of Healthpeak Properties from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.36.

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.