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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, January 5th. Investors of record on Friday, January 16th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, January 16th.

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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 company has a market cap of $11.39 billion, a P/E ratio of -327.85, a P/E/G ratio of 4.10 and a beta of 1.12. The firm’s 50 day moving average is $17.11 and its two-hundred day moving average is $17.72. Healthpeak Properties has a fifty-two week low of $15.71 and a fifty-two week high of $21.28. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.11.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of Healthpeak Properties in the 3rd quarter valued at about $25,000. City Holding Co. acquired a new position in shares of Healthpeak Properties in the 3rd quarter worth approximately $26,000. Rexford Capital Inc. acquired a new position in Healthpeak Properties in the second quarter worth $28,000. Sound Income Strategies LLC acquired a new stake in Healthpeak Properties in the third quarter worth $28,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Healthpeak Properties during the second quarter valued at $32,000. 93.57% of the stock is currently 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.