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

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Monday, October 6th. Stockholders of record on Friday, November 14th will be given a dividend of 0.1017 per share by the real estate investment trust on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, November 14th.

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 Stock Performance

NYSE:DOC opened at $19.35 on Tuesday. The firm has a market capitalization of $13.44 billion, a PE ratio of 80.26, a PEG ratio of 2.50 and a beta of 1.09. The stock’s fifty day moving average is $17.90 and its 200 day moving average is $17.99. Healthpeak Properties has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business had revenue of $694.35 million for the quarter, compared to analysts’ expectations of $697.14 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DOC shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target (down from $28.00) on shares of Healthpeak Properties in a report on Wednesday, August 20th. Wall Street Zen cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Evercore ISI set a $22.00 target price on Healthpeak Properties in a research note on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.