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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, October 19th will be paid a dividend of $0.1017 per share by the real estate investment trust on Friday, October 30th. This represents a $1.22 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, October 19th.

Healthpeak Properties has decreased its dividend payment by an average of 0.0%annually over the last three years. Healthpeak Properties has a dividend 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. Analysts expect Healthpeak Properties to earn $1.80 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 67.8%.

Healthpeak Properties Stock Down 2.4%

DOC opened at $19.49 on Friday. The company has a market cap of $13.44 billion, a PE ratio of 55.56, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01. Healthpeak Properties has a 1 year low of $15.70 and a 1 year high of $22.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a 50 day moving average price of $20.94 and a 200 day moving average price of $19.75.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $771.58 million during the quarter, compared to analysts’ expectations of $725.64 million. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. Sell-side analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current year.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.