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

Key Points

• Healthpeak Properties, Inc. plans to pay a monthly dividend of $0.10 per share, with the ex-dividend date on December 19th, representing an annual yield of 6.3%.
• The company's dividend payout ratio is 369.7%, indicating reliance on its balance sheet to cover dividend payments, though future projections suggest a potential improvement to a payout ratio of 62.6% next year.
• Healthpeak's current stock price is $19.25, with a year-to-date range between a low of $16.63 and a high of $23.26, and shares have seen a 0.6% decline recently.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a monthly dividend on Monday, October 6th. Investors of record on Friday, December 19th will be given a dividend of 0.1017 per share by the real estate investment trust on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, December 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. 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 0.6%

Shares of NYSE:DOC opened at $19.25 on Tuesday. Healthpeak Properties has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. The firm's 50 day moving average price is $17.90 and its 200 day moving average price is $17.99. 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 stock has a market cap of $13.38 billion, a price-to-earnings ratio of 80.21, a price-to-earnings-growth 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 company had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same period in the prior year, the firm posted $0.45 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, equities research analysts predict that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker acquired 1,490 shares of the firm's stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. The trade was a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 8,783 shares of company stock valued at $150,129 in the last three months. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Healthpeak Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC raised its stake in 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 valued at $399,000 after acquiring an additional 543 shares during the last quarter. Applied Finance Capital Management LLC increased its holdings in shares of Healthpeak Properties by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 577 shares during the period. AssuredPartners Investment Advisors LLC raised its stake in shares of Healthpeak Properties by 3.1% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 666 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of Healthpeak Properties by 18.4% during the second quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 697 shares during the period. Finally, Venture Visionary Partners LLC grew its position 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 buying an additional 703 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

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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