Healthpeak Properties, Inc. (NYSE:DOC) Declares $0.10 Oct 25 Dividend

Key Points

• Healthpeak Properties, Inc. has declared a quarterly dividend of $0.10, scheduled for distribution on October 30th to stockholders of record as of October 17th.
• The company has a high dividend payout ratio of 369.7%, which indicates it is currently unable to fully cover its dividend with earnings and is relying on its balance sheet.
• Despite having reported $0.46 earnings per share for the last quarter, meeting expectations, the firm's revenue was down by 0.2% year-over-year, totaling $694.35 million.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a oct 25 dividend on Monday, October 6th, RTT News reports. Stockholders of record on Friday, October 17th will be given a dividend of 0.1017 per share by the real estate investment trust on Thursday, October 30th.

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 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 Down 0.6%

Shares of DOC stock traded down $0.12 during trading hours on Monday, reaching $19.25. 5,176,154 shares of the stock traded hands, compared to its average volume of 6,164,571. Healthpeak Properties has a 1-year low of $16.63 and a 1-year high of $23.26. The business has a fifty day moving average price of $17.86 and a 200 day moving average price of $18.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $13.38 billion, a PE ratio of 80.21, a PEG ratio of 2.50 and a beta of 1.09.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm's revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, equities research analysts forecast that Healthpeak Properties will post 1.86 EPS for the current year.

Insider Activity

In other news, CEO Scott M. Brinker acquired 1,490 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, with a total value of $25,076.70. Following the acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 8,783 shares of company stock worth $150,129. 0.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Healthpeak Properties

Several large investors have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Healthpeak Properties by 2.4% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 22,811 shares of the real estate investment trust's stock worth $399,000 after buying an additional 543 shares during the period. Applied Finance Capital Management LLC boosted its holdings in shares of Healthpeak Properties by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock worth $357,000 after buying an additional 577 shares during the period. AssuredPartners Investment Advisors LLC boosted its holdings in Healthpeak Properties by 3.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 666 shares during the period. LRI Investments LLC boosted its holdings in Healthpeak Properties by 18.4% in the 2nd quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 697 shares during the period. Finally, Venture Visionary Partners LLC boosted its holdings in Healthpeak Properties by 4.8% in the 3rd quarter. Venture Visionary Partners LLC now owns 15,455 shares of the real estate investment trust's stock valued at $296,000 after purchasing an additional 703 shares during the period. 93.57% of the stock is owned by institutional investors.

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.

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