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

Key Points

• Healthpeak Properties declared a monthly dividend of $0.1017 per share, payable October 30 to shareholders of record on October 19. The annualized dividend is approximately $1.22, yielding 6.3%.
• The dividend payout ratio is currently high at 369.7%, meaning earnings do not fully cover the payment; however, analysts expect next year’s earnings to reduce the payout ratio to about 67.8%.
• Healthpeak reported quarterly EPS of $0.08, beating estimates of $0.03, while revenue rose 11.1% year over year to $771.58 million. Shares opened at $19.49, down 2.4%.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders 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%per year 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 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 Down 2.4%

NYSE DOC opened at $19.49 on Friday. The stock has a market cap of $13.44 billion, a PE ratio of 55.56, a P/E/G ratio of 2.46 and a beta of 1.01. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 1.06. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.95. The stock's 50 day moving average is $20.94 and its 200 day moving average is $19.75.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its 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 company had revenue of $771.58 million for the quarter, compared to analyst estimates of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Research analysts predict that Healthpeak Properties will post 1.77 EPS for the current fiscal year.

About Healthpeak Properties

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.

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