Healthpeak Properties, Inc. (NYSE:DOC) Declares $0.10 Oct 25 Dividend

Healthpeak Properties, Inc. (NYSE:DOC) declared a oct 25 dividend on Monday, October 6th, RTT News reports. Investors of record on Friday, October 17th will be paid a dividend of 0.1017 per share by the real estate investment trust on Thursday, October 30th.

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 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 Down 0.6%

DOC stock opened at $19.25 on Tuesday. The stock has a market capitalization of $13.38 billion, a PE ratio of 80.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.09. Healthpeak Properties has a 52 week low of $16.63 and a 52 week high of $23.26. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $17.90 and a 200 day moving average of $17.99.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $697.14 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Sell-side analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 2,930 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the purchase, the chief executive officer owned 210,416 shares of the company’s stock, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 8,783 shares of company stock worth $150,129. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of Healthpeak Properties

Several institutional investors have recently modified their holdings of DOC. Brooklyn Investment Group raised its position in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 873 shares during the last quarter. TCTC Holdings LLC lifted its position in shares of Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 751 shares in the last quarter. S.A. Mason LLC increased its position in shares of Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares in the last quarter. Dagco Inc. purchased a new position in shares of Healthpeak Properties in the first quarter worth about $30,000. Finally, Rexford Capital Inc. purchased a new position in shares of Healthpeak Properties in the second quarter worth about $28,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

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.