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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, December 18th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, December 30th. This represents a $1.22 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 18th.

Healthpeak Properties has decreased its dividend by an average of 0.0%per year 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. Research 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 1.8%

Shares of NYSE:DOC traded up $0.34 during trading on Friday, hitting $19.79. 377,646 shares of the company were exchanged, compared to its average volume of 7,810,803. The firm’s 50 day moving average price is $20.94 and its 200-day moving average price is $19.75. Healthpeak Properties has a 12-month low of $15.70 and a 12-month high of $22.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $13.64 billion, a P/E ratio of 56.53, a PEG ratio of 2.46 and a beta of 1.01.

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