Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on June 26th

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, April 6th. Shareholders 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 yield of 7.2%. 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 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 Up 1.2%

Healthpeak Properties stock opened at $16.88 on Wednesday. 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 business’s 50-day simple moving average is $17.03 and its two-hundred day simple moving average is $17.42. The company has a market cap of $11.73 billion, a PE ratio of 168.77, a PEG ratio of 8.84 and a beta of 1.10. Healthpeak Properties has a fifty-two week low of $15.71 and a fifty-two week high of $19.68.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Monday, February 2nd. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business had revenue of $719.40 million for 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.700-1.740 EPS. Equities analysts anticipate that Healthpeak Properties will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Healthpeak Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanderbilt University acquired a new position in Healthpeak Properties in the 3rd quarter worth about $1,263,000. Northside Capital Management LLC acquired a new position in Healthpeak Properties in the 3rd quarter worth about $6,123,000. Baird Financial Group Inc. raised its holdings in Healthpeak Properties by 38.5% in the 2nd quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock worth $7,047,000 after purchasing an additional 111,807 shares during the period. Argent Advisors Inc. acquired a new position in Healthpeak Properties in the 3rd quarter worth about $1,536,000. Finally, Twin City Private Wealth LLC acquired a new position in Healthpeak Properties in the 3rd quarter worth about $1,148,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

About Healthpeak Properties

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.