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

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, June 27th. This represents a $1.22 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, June 16th.

Healthpeak Properties has increased its dividend by an average of 34.0% annually over the last three years. Healthpeak Properties has a dividend payout ratio of 420.7% 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 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 Down 0.2 %

NYSE DOC traded down $0.03 during trading hours on Friday, reaching $18.14. 8,020,180 shares of the company's stock traded hands, compared to its average volume of 4,905,413. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day simple moving average of $19.79 and a 200 day simple moving average of $20.82. Healthpeak Properties has a 52-week low of $17.33 and a 52-week high of $23.26. The firm has a market cap of $12.69 billion, a PE ratio of 51.83, a PEG ratio of 2.17 and a beta of 1.02.

Analyst Ratings Changes

DOC has been the subject of a number of recent research reports. Scotiabank lowered their price objective on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Wedbush reiterated an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a research note on Friday. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Healthpeak Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 22nd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.

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.