Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on May 29th

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, April 6th. Investors of record on Monday, May 18th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Monday, May 18th.

Healthpeak Properties has decreased its dividend by an average of 0.0%annually over the last three years. Healthpeak Properties has a 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. 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 Price Performance

Shares of DOC stock opened at $16.88 on Wednesday. Healthpeak Properties has a 52-week low of $15.71 and a 52-week high of $19.68. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market capitalization of $11.73 billion, a P/E ratio of 168.77, a P/E/G ratio of 8.84 and a beta of 1.10. The stock has a 50 day moving average price of $17.03 and a 200 day moving average price of $17.42.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The firm had revenue of $719.40 million during the quarter, compared to analyst estimates of $685.14 million. During the same period last year, the company earned $0.46 EPS. Healthpeak Properties’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. As a group, sell-side analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current 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.