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

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, July 20th.

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% 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 $1.77 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 68.9%.

Healthpeak Properties Stock Down 0.8%

Shares of NYSE:DOC opened at $21.59 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $19.98 and a two-hundred day moving average of $18.00. The stock has a market cap of $14.89 billion, a P/E ratio of 67.49, a PEG ratio of 3.38 and a beta of 1.02. Healthpeak Properties has a 52-week low of $15.70 and a 52-week high of $22.13.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a net margin of 7.73% and a return on equity of 2.61%. The company had revenue of $752.95 million during the quarter, compared to analysts’ expectations of $694.59 million. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, research analysts expect that Healthpeak Properties will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

DOC has been the subject of several research analyst reports. Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. UBS Group upped their price objective on Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets raised their price objective on Healthpeak Properties from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Wells Fargo & Company lifted their price objective on Healthpeak Properties from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Raymond James Financial started coverage on shares of Healthpeak Properties in a research report on Wednesday, June 17th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.50.

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.