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

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Investors of record on Friday, September 19th will be given a dividend of 0.1017 per share by the real estate investment trust on Tuesday, September 30th. This represents a $1.22 annualized dividend and a yield of 6.68%. The ex-dividend date is Friday, September 19th.

Healthpeak Properties has a 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 Price Performance

Shares of NYSE:DOC traded up $0.06 during trading on Wednesday, reaching $18.27. 5,034,364 shares of the company traded hands, compared to its average volume of 5,337,675. The company's 50 day moving average is $17.44 and its two-hundred day moving average is $19.00. The firm has a market capitalization of $12.69 billion, a PE ratio of 45.68, a PEG ratio of 2.05 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. 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 issued 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. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business 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 earned $0.45 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

DOC has been the subject of a number of research reports. Robert W. Baird reduced their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday. Wedbush dropped their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Scotiabank decreased their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Healthpeak Properties has a consensus 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 John T. Thomas bought 4,200 shares of the business's stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director owned 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott M. Brinker bought 2,750 shares of the stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the acquisition, the chief executive officer owned 204,613 shares in the company, valued at $3,558,220.07. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 29,764 shares of company stock valued at $521,909 in the last ninety days. Insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Healthpeak Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of DOC. Integrated Wealth Concepts LLC raised its stake in Healthpeak Properties by 7.3% during the 1st 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. 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 worth $2,463,000 after acquiring an additional 63,930 shares during the last quarter. Finally, Woodline Partners LP boosted 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 purchasing an additional 17,279 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

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.