Healthpeak Properties, Inc. (NYSE:DOC) Shareholders to Collect $0.10 Monthly Dividend

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Investors 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 yield of 6.2%. The ex-dividend date of this dividend is Friday, November 13th.

Healthpeak Properties has decreased its dividend 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 Price Performance

Healthpeak Properties stock opened at $19.68 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $13.57 billion, a PE ratio of 56.04, a P/E/G ratio of 2.46 and a beta of 1.01. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.95. The stock has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $19.75.

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

Analyst Ratings Changes

DOC has been the topic of several analyst reports. Cantor Fitzgerald boosted their price objective on shares of Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Raymond James Financial started coverage on shares of Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating for the company. Citigroup boosted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays increased their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $22.10.

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.