Healthpeak Properties, Inc. (NYSE:DOC) Shareholders to Get $0.10 Monthly Dividend

Key Points

• Healthpeak Properties declared a monthly dividend of $0.1017 per share, equivalent to $1.22 annually and a 6.2% yield. Shareholders of record on December 18 will receive payment on December 30.
• The dividend currently exceeds earnings coverage, with a 369.7% payout ratio, though analysts expect next year’s earnings to support a more sustainable 67.8% payout ratio.
• Healthpeak’s latest quarterly results beat expectations, reporting $0.08 in EPS versus the $0.03 consensus estimate and $771.6 million in revenue, up 11.1% year over year.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, December 18th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, December 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 18th.

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% 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 Price Performance

NYSE DOC traded up $0.36 during trading hours on Friday, reaching $19.80. The company's stock had a trading volume of 211,478 shares, compared to its average volume of 7,810,632. 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 company's 50-day moving average is $20.94 and its two-hundred day moving average is $19.75. Healthpeak Properties has a fifty-two week low of $15.70 and a fifty-two week high of $22.95. The stock has a market cap of $13.66 billion, a PE ratio of 56.39, a PEG ratio of 2.46 and a beta of 1.01.

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 for the quarter, beating the consensus estimate of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm had revenue of $771.58 million during the quarter, compared to the consensus estimate of $725.64 million. During the same quarter in the previous year, the company posted $0.46 EPS. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Analysts forecast that Healthpeak Properties will post 1.77 EPS for the current 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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