Healthpeak Properties, Inc. (NYSE:DOC) Shares Will Pay Monthly Dividend of $0.10

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Friday, December 18th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, December 30th. This represents a $1.22 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, December 18th.

Healthpeak Properties has decreased its dividend 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. Research analysts expect Healthpeak Properties to earn $1.80 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 67.8%.

Healthpeak Properties Stock Up 1.9%

Shares of DOC traded up $0.36 during mid-day trading on Friday, reaching $19.80. 211,478 shares of the stock traded hands, compared to its average volume of 7,810,632. The stock has a fifty day simple moving average of $20.94 and a 200 day simple moving average of $19.75. Healthpeak Properties has a 12-month low of $15.70 and a 12-month high of $22.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 56.39, a P/E/G ratio of 2.46 and a beta of 1.01.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The business had revenue of $771.58 million during the quarter, compared to analyst estimates of $725.64 million. During the same period last year, the business earned $0.46 EPS. The business’s revenue was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Sell-side analysts expect that Healthpeak Properties will post 1.77 EPS for the current fiscal year.

Institutional Trading of Healthpeak Properties

Several institutional investors have recently added to or reduced their stakes in the business. Parrish Capital LLC boosted its holdings in shares of Healthpeak Properties by 7.0% in the 3rd quarter. Parrish Capital LLC now owns 42,626 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 2,790 shares during the period. Cim Investment Management Inc. bought a new position in Healthpeak Properties in the second quarter worth about $788,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Healthpeak Properties by 128.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 71,735 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 40,312 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Healthpeak Properties by 83.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,761,469 shares of the real estate investment trust’s stock valued at $166,095,000 after acquiring an additional 3,530,429 shares during the period. Finally, State Street Corp grew its holdings in shares of Healthpeak Properties by 92.3% during the second quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock valued at $1,995,928,000 after purchasing an additional 44,767,085 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.