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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, April 6th. Stockholders of record on Monday, June 15th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th.

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 research 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 Price Performance

Healthpeak Properties stock opened at $16.68 on Tuesday. Healthpeak Properties has a 12 month low of $15.71 and a 12 month high of $19.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.82 and a quick ratio of 2.82. The business has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $17.43. The stock has a market capitalization of $11.59 billion, a PE ratio of 166.77, a price-to-earnings-growth ratio of 8.84 and a beta of 1.10.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The business had revenue of $719.40 million during the quarter, compared to analysts’ expectations of $685.14 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. Equities analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DOC shares. Robert W. Baird cut their price target on Healthpeak Properties from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday. Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. Weiss Ratings upgraded Healthpeak Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. The Goldman Sachs Group began coverage on Healthpeak Properties in a research report on Friday, January 9th. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, Wall Street Zen cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.19.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.