Healthpeak Properties, Inc. (NYSE:DOC) Plans Dividend Increase - $0.30 Per Share

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.30 per share by the real estate investment trust on Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Friday, May 3rd. This is a boost from Healthpeak Properties's previous quarterly dividend of $0.23.

Healthpeak Properties has a dividend payout ratio of 418.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Healthpeak Properties to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 49.2%.

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded up $0.27 during trading on Wednesday, hitting $18.88. The stock had a trading volume of 5,560,939 shares, compared to its average volume of 7,243,948. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $22.38. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 0.92. The stock's 50 day moving average is $16.95 and its two-hundred day moving average is $13.87. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DOC shares. BNP Paribas upgraded Healthpeak Properties from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $19.00 to $21.00 in a research report on Friday, April 26th. Mizuho reaffirmed a "buy" rating and set a $22.00 price objective on shares of Healthpeak Properties in a research note on Monday, April 22nd. Bank of America upgraded shares of Healthpeak Properties from an "underperform" rating to a "buy" rating and increased their target price for the stock from $18.00 to $25.00 in a report on Monday, April 1st. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Friday, April 26th. Finally, Compass Point lowered their price objective on shares of Healthpeak Properties from $19.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.36.

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.