Healthpeak Properties, Inc. (NYSE:DOC) Announces $0.10 Monthly Dividend

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Monday, January 5th. Stockholders of record on Friday, January 16th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, January 16th.

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% 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 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 Trading Up 1.2%

Shares of DOC opened at $16.40 on Tuesday. Healthpeak Properties has a twelve month low of $15.71 and a twelve month high of $21.28. The firm has a market capitalization of $11.39 billion, a P/E ratio of -327.85, a PEG ratio of 4.10 and a beta of 1.12. The firm’s 50-day moving average is $17.11 and its two-hundred day moving average is $17.72. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.11.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $705.87 million during the quarter, compared to analysts’ expectations of $681.65 million. Healthpeak Properties had a negative return on equity of 0.44% and a negative net margin of 1.36%.Healthpeak Properties’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, research analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Company Profile

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.