Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on November 14th

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, October 6th. Stockholders of record on Friday, November 14th will be paid a dividend of 0.1017 per share by the real estate investment trust on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Friday, November 14th.

Healthpeak Properties has decreased its dividend by an average of 0.0%annually over the last three years. 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 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 Stock Performance

DOC opened at $17.91 on Wednesday. Healthpeak Properties has a 1-year low of $16.63 and a 1-year high of $22.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.28. The firm has a market cap of $12.45 billion, a P/E ratio of -358.13, a PEG ratio of 3.84 and a beta of 1.10. The company has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $17.84.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The firm had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. Equities analysts forecast that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DOC. Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Wells Fargo & Company cut their target price on Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Morgan Stanley decreased their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Finally, Evercore ISI set a $22.00 price objective on shares of Healthpeak Properties in a research note on Monday, September 15th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and an average price target of $20.91.

Healthpeak Properties Company Profile

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.