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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, July 9th. Shareholders of record on Monday, July 20th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, July 20th.

Healthpeak Properties has decreased its dividend payment 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. Analysts expect Healthpeak Properties to earn $1.77 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 68.9%.

Healthpeak Properties Stock Performance

DOC opened at $21.59 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $19.98 and its 200-day moving average is $18.00. The stock has a market cap of $14.89 billion, a PE ratio of 67.49, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. Healthpeak Properties has a twelve month low of $15.70 and a twelve month high of $22.13.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The business had revenue of $752.95 million during the quarter, compared to analyst estimates of $694.59 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Healthpeak Properties has set its FY 2026 guidance at 1.710-1.750 EPS. On average, analysts predict that Healthpeak Properties will post 1.75 earnings per share for the current year.

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.