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

Key Points

• Healthpeak Properties, Inc. has announced a monthly dividend of $0.10 per share, with the ex-dividend date set for November 14th and payout scheduled for November 26th, reflecting an annualized yield of 6.3%.
• The company currently has a challenging payout ratio of 369.7%, indicating dependence on its balance sheet to cover dividend payments, although future earnings are expected to improve this ratio.
• Insider trading activity saw CEO Scott M. Brinker purchase nearly 3,000 shares, increasing his position by 1.41%, amidst significant institutional investment in the company.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a monthly dividend on Monday, October 6th. Investors of record on Friday, November 14th will be given a dividend of 0.1017 per share by the real estate investment trust on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, November 14th.

Healthpeak Properties has a payout ratio of 369.7% 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 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 Trading Down 0.6%

DOC opened at $19.25 on Tuesday. The stock has a market capitalization of $13.38 billion, a P/E ratio of 80.21, a P/E/G ratio of 2.50 and a beta of 1.09. The firm's fifty day simple moving average is $17.90 and its 200 day simple moving average is $17.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties has a 12 month low of $16.63 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same period last year, the business earned $0.45 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, research analysts anticipate that Healthpeak Properties will post 1.86 EPS for the current fiscal year.

Insider Activity

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,930 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the transaction, the chief executive officer owned 210,416 shares of the company's stock, valued at $3,589,696.96. The trade was a 1.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 8,783 shares of company stock valued at $150,129 over the last three months. Corporate insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Healthpeak Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in Healthpeak Properties by 0.9% during the second quarter. State Street Corp now owns 48,602,649 shares of the real estate investment trust's stock worth $851,032,000 after purchasing an additional 442,481 shares during the period. Invesco Ltd. lifted its holdings in Healthpeak Properties by 20.7% during the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after purchasing an additional 3,967,830 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Healthpeak Properties by 21.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,024,030 shares of the real estate investment trust's stock worth $350,621,000 after purchasing an additional 3,540,367 shares during the period. Geode Capital Management LLC grew its holdings in Healthpeak Properties by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,071,094 shares of the real estate investment trust's stock valued at $332,625,000 after buying an additional 197,540 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Healthpeak Properties by 6.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock valued at $372,004,000 after buying an additional 1,129,924 shares in the last quarter. 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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