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

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Thursday, July 9th. Shareholders of record on Monday, August 17th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, August 28th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, August 17th.

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. Equities research 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 Price Performance

Shares of Healthpeak Properties stock opened at $21.59 on Friday. The business has a 50 day simple moving average of $19.98 and a two-hundred day simple moving average of $18.00. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.13. The stock has a market capitalization of $14.89 billion, a P/E ratio of 67.49, a PEG ratio of 3.38 and a beta of 1.02. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96.

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