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

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a monthly dividend on Tuesday, July 8th, Wall Street Journal reports. Investors of record on Friday, September 19th will be paid a dividend of 0.1017 per share by the real estate investment trust on Tuesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Friday, September 19th.

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 Up 1.2%

DOC stock traded up $0.22 on Tuesday, hitting $18.20. 5,116,556 shares of the company's stock were exchanged, compared to its average volume of 5,335,461. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50 day moving average price of $17.43 and a two-hundred day moving average price of $19.00. The stock has a market cap of $12.64 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. Healthpeak Properties has a 12-month low of $16.64 and a 12-month high of $23.26.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wedbush dropped their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company cut their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Scotiabank lowered their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird decreased their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 11,337 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the purchase, the chief executive officer directly owned 201,863 shares in the company, valued at $3,568,937.84. The trade was a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director owned 144,290 shares of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 29,764 shares of company stock valued at $521,909. Insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On Healthpeak Properties

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of 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 valued at $366,000 after purchasing an additional 1,231 shares during the period. Woodline Partners LP increased its stake in shares of 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 valued at $1,195,000 after purchasing an additional 17,279 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 valued at $2,463,000 after purchasing an additional 63,930 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Company Profile

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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