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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Investors of record on Monday, October 19th will be given a dividend of $0.1017 per share by the real estate investment trust on Friday, October 30th. This represents a $1.22 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, October 19th.

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% indicating that 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 Price Performance

Healthpeak Properties stock opened at $19.49 on Friday. The stock has a fifty day moving average of $20.88 and a 200-day moving average of $19.75. The stock has a market capitalization of $13.44 billion, a P/E ratio of 55.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95.

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 (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The firm had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. On average, sell-side analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DOC shares. Raymond James Financial began coverage on Healthpeak Properties in a research note on Wednesday, June 17th. They issued a “market perform” rating on the stock. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reiterated a “hold” rating and set a $21.00 price target (down from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, September 15th. JPMorgan Chase & Co. boosted their price objective on Healthpeak Properties from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings downgraded Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has an average rating of “Hold” and an average price target of $22.10.

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.