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

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Monday, April 6th. Stockholders of record on Friday, April 17th will be paid a dividend of 0.1017 per share by the real estate investment trust on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, April 17th.

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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Up 0.9%

Shares of DOC stock opened at $16.68 on Tuesday. 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 company has a market cap of $11.59 billion, a price-to-earnings ratio of 166.77, a PEG ratio of 8.84 and a beta of 1.10. The stock has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $17.43. Healthpeak Properties has a 1-year low of $15.71 and a 1-year high of $19.68.

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

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.