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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, January 5th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.1017 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, March 17th.

Healthpeak Properties has decreased its dividend by an average of 0.0%per year 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. 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 Stock Performance

NYSE:DOC opened at $16.40 on Tuesday. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of -327.85, a price-to-earnings-growth ratio of 4.10 and a beta of 1.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.22 and a quick ratio of 1.22. Healthpeak Properties has a 1-year low of $15.71 and a 1-year high of $21.28. The firm’s fifty day moving average price is $17.11 and its 200 day moving average price is $17.72.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. Healthpeak Properties had a negative net margin of 1.36% and a negative return on equity of 0.44%. The firm had revenue of $705.87 million during the quarter, compared to the consensus estimate of $681.65 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. On average, sell-side analysts expect that Healthpeak Properties will post 1.86 EPS for the current year.

Institutional Trading of Healthpeak Properties

Several large investors have recently modified their holdings of DOC. Bayforest Capital Ltd bought a new stake in shares of Healthpeak Properties in the 2nd quarter worth about $442,000. Northside Capital Management LLC acquired a new position in Healthpeak Properties in the third quarter worth $6,123,000. Vanderbilt University acquired a new stake in Healthpeak Properties in the 3rd quarter valued at about $1,263,000. Baird Financial Group Inc. lifted its holdings in Healthpeak Properties by 38.5% during the second quarter. Baird Financial Group Inc. now owns 402,466 shares of the real estate investment trust’s stock worth $7,047,000 after acquiring an additional 111,807 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its stake in Healthpeak Properties by 8,859.2% in the third quarter. Trust Co. of Toledo NA OH now owns 82,425 shares of the real estate investment trust’s stock valued at $1,578,000 after acquiring an additional 81,505 shares during the period. 93.57% of the stock is owned by institutional investors.

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.