Healthpeak Properties, Inc. (NYSE:DOC) Plans $0.10 Jul 25 Dividend

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) declared a jul 25 dividend on Monday, July 7th, RTT News reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.1017 per share by the real estate investment trust on Thursday, July 31st. This represents a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, July 18th.

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 $1.95 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 Stock Performance

Shares of DOC traded up $0.22 during mid-day trading on Tuesday, reaching $18.20. 5,116,705 shares of the company's stock were exchanged, compared to its average volume of 5,335,462. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $12.64 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. The business's fifty day simple moving average is $17.43 and its 200-day simple moving average is $19.00. Healthpeak Properties has a 52-week low of $16.64 and a 52-week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. On average, equities research analysts expect that Healthpeak Properties will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wedbush lowered their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday. Evercore ISI lowered their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Scotiabank lowered their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.27.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the acquisition, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker bought 2,750 shares of the company's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the acquisition, the chief executive officer directly owned 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 29,764 shares of company stock valued at $521,909. 0.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthpeak Properties

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its holdings in Healthpeak Properties by 7.3% in the first quarter. Integrated Wealth Concepts LLC now owns 18,084 shares of the real estate investment trust's stock worth $366,000 after buying an additional 1,231 shares during the last quarter. Woodline Partners LP increased its holdings in Healthpeak Properties by 41.3% in the first quarter. Woodline Partners LP now owns 59,103 shares of the real estate investment trust's stock worth $1,195,000 after buying an additional 17,279 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Healthpeak Properties by 110.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,881 shares of the real estate investment trust's stock worth $2,463,000 after buying an additional 63,930 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

About Healthpeak Properties

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.