Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on December 19th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Monday, October 6th. Shareholders of record on Friday, December 19th will be given a dividend of 0.1017 per share by the real estate investment trust on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, December 19th.

Healthpeak Properties has decreased its dividend payment 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 $1.95 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 62.6%.

Healthpeak Properties Stock Down 1.7%

NYSE:DOC opened at $16.38 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s 50-day moving average price is $17.78 and its 200-day moving average price is $17.84. The company has a market capitalization of $11.38 billion, a PE ratio of -327.43, a P/E/G ratio of 4.22 and a beta of 1.11. Healthpeak Properties has a 1-year low of $16.31 and a 1-year high of $21.28.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $705.87 million for the quarter, compared to analyst estimates of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. Healthpeak Properties’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities analysts predict that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on DOC. Raymond James Financial raised Healthpeak Properties from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Monday, September 15th. Robert W. Baird dropped their target price on Healthpeak Properties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Evercore ISI dropped their target price on shares of Healthpeak Properties from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 target price (down from $28.00) on shares of Healthpeak Properties in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of Healthpeak Properties from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.18.

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.