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

Key Points

• Healthpeak Properties declared a monthly dividend of $0.1017 per share, payable November 25 to shareholders of record on November 13. The dividend annualizes to approximately $1.22 per share and yields 6.2%.
• The current payout ratio is high at 369.7%, meaning earnings do not presently cover the dividend; however, analysts expect next year’s earnings to support a lower projected payout ratio of 67.8%.
• Analysts have a consensus “Hold” rating on DOC, with an average price target of $22.10. The company recently exceeded quarterly EPS and revenue expectations, while shares opened at $19.68.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.22 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, November 13th.

Healthpeak Properties has decreased its dividend payment by an average of 0.0%per year over the last three years. Healthpeak Properties has a 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. 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 Performance

Shares of NYSE DOC opened at $19.68 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a 50 day moving average price of $20.94 and a 200 day moving average price of $19.75. The stock has a market capitalization of $13.57 billion, a PE ratio of 56.04, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.05. The company had revenue of $771.58 million for the quarter, compared to analysts' expectations of $725.64 million. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%.The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Analysts predict that Healthpeak Properties will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DOC shares. Citigroup upped their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Mizuho lifted their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. Weiss Ratings lowered shares of Healthpeak Properties from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, September 16th. Wells Fargo & Company upped their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $21.00 target price (down from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Hold" and an average price target of $22.10.

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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