Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on September 14th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, July 9th. Investors of record on Monday, September 14th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, September 14th.

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. Research 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 0.3%

Shares of DOC opened at $20.32 on Friday. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 2.51 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 business’s 50 day simple moving average is $21.42 and its 200-day simple moving average is $19.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02.

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

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. The company focuses primarily on outpatient medical buildings, which are leased to healthcare providers, physician groups and other medical users.

Healthpeak’s portfolio also includes life science and senior housing properties, although its business has increasingly centered on outpatient medical real estate. Its properties are generally located in established healthcare markets and are designed to support services such as physician offices, specialty care, diagnostics and ambulatory treatment.

The company was formerly known as HCP, Inc and adopted the Healthpeak Properties name in 2019.