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

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.1017 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.22 annualized dividend and a dividend 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%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 Performance

DOC stock traded up $0.36 on Friday, hitting $19.80. The company had a trading volume of 211,478 shares, compared to its average volume of 7,810,632. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. Healthpeak Properties has a 12-month low of $15.70 and a 12-month high of $22.95. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 56.39, a P/E/G ratio of 2.46 and a beta of 1.01. The stock’s 50-day simple moving average is $20.94 and its 200 day simple moving average is $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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $771.58 million for the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, equities research analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Healthpeak Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Trust LLC grew its position in Healthpeak Properties by 66.7% during the 2nd quarter. Clearstead Trust LLC now owns 1,357 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 543 shares during the period. Clearstead Advisors LLC increased its stake in Healthpeak Properties by 166.3% during the fourth quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,216 shares during the last quarter. Security National Bank of SO Dak purchased a new position in shares of Healthpeak Properties during the 2nd quarter worth $32,000. Avalon Trust Co acquired a new position in Healthpeak Properties in the first quarter valued at about $34,000. Finally, Markowski Investments purchased a new position in Healthpeak Properties during the second quarter worth about $38,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.