Healthpeak Properties (NYSE:DOC) Releases Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Q1 beat: Healthpeak reported EPS of $0.45, beating estimates by $0.02, and revenue of $738.8M (above expectations), and updated FY2026 guidance to EPS 1.710–1.750.
• The company declared a monthly dividend of $0.1017 (ex-dividend June 15, payable June 26) implying a ~7.4% yield, but with a very high dividend payout ratio of 1,220%.
• Analysts' consensus is a "Hold" with an average price target of $18.04; the stock trades around $16.54 with a P/E of 165.44 and a 12-month range of $15.70–$19.68.

Healthpeak Properties (NYSE:DOC - Get Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02, Zacks reports. The firm had revenue of $738.78 million for the quarter, compared to analysts' expectations of $694.59 million. Healthpeak Properties had a return on equity of 0.84% and a net margin of 2.52%.The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Healthpeak Properties updated its FY 2026 guidance to 1.710-1.750 EPS.

Healthpeak Properties Stock Performance

NYSE:DOC opened at $16.54 on Wednesday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.21. Healthpeak Properties has a twelve month low of $15.70 and a twelve month high of $19.68. The stock has a market cap of $11.50 billion, a P/E ratio of 165.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.00. The firm's fifty day simple moving average is $16.93 and its 200 day simple moving average is $17.14.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.4%. Healthpeak Properties's dividend payout ratio (DPR) is presently 1,220.00%.

Analyst Ratings Changes

DOC has been the subject of several analyst reports. Wells Fargo & Company restated a "positive" rating on shares of Healthpeak Properties in a report on Tuesday, February 3rd. Morgan Stanley decreased their target price on shares of Healthpeak Properties from $21.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Healthpeak Properties in a report on Friday, April 24th. Evercore cut their price target on shares of Healthpeak Properties from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, February 4th. Finally, Scotiabank raised shares of Healthpeak Properties to a "hold" rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.04.

Institutional Investors Weigh In On Healthpeak Properties

A number of large investors have recently modified their holdings of the stock. Fiduciary Trust Co boosted its holdings in Healthpeak Properties by 4.9% in the third quarter. Fiduciary Trust Co now owns 13,807 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 644 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Healthpeak Properties by 1.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 37,650 shares of the real estate investment trust's stock valued at $721,000 after purchasing an additional 718 shares in the last quarter. Corient Private Wealth LLC increased its stake in Healthpeak Properties by 1.0% during the 2nd quarter. Corient Private Wealth LLC now owns 104,109 shares of the real estate investment trust's stock valued at $1,823,000 after purchasing an additional 1,010 shares in the last quarter. Victory Financial Group LLC raised its holdings in Healthpeak Properties by 11.3% in the third quarter. Victory Financial Group LLC now owns 11,189 shares of the real estate investment trust's stock worth $215,000 after buying an additional 1,139 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted 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 worth $366,000 after buying an additional 1,231 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

About Healthpeak Properties

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.