Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on January 30th

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Sunday, January 4th. Investors of record on Friday, January 16th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, January 16th.

Healthpeak Properties has decreased its dividend payment by an average of 0.0%annually 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. 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 0.7%

NYSE DOC opened at $16.93 on Wednesday. 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 has a fifty-two week low of $15.71 and a fifty-two week high of $21.28. The business has a 50 day moving average price of $17.00 and a two-hundred day moving average price of $17.70. The stock has a market cap of $11.76 billion, a PE ratio of -338.45, a P/E/G ratio of 4.25 and a beta of 1.12.

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, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $705.87 million for the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts predict that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

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.