Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on February 27th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Sunday, January 4th. Shareholders of record on Friday, February 13th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, February 13th.

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. Research 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 1.2%

Shares of DOC stock opened at $16.40 on Tuesday. Healthpeak Properties has a 12-month low of $15.71 and a 12-month high of $21.28. The company has a market capitalization of $11.39 billion, a PE ratio of -327.85, a price-to-earnings-growth ratio of 4.10 and a beta of 1.12. The firm has a 50 day moving average price of $17.11 and a two-hundred day moving average price of $17.72. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $705.87 million for the quarter, compared to the consensus estimate of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, 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.