Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on November 13th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, October 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.1017 per share by the real estate investment trust on Wednesday, November 25th. This represents a $1.22 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, November 13th.

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 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 Up 0.3%

Shares of NYSE:DOC opened at $19.49 on Friday. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $13.44 billion, a PE ratio of 55.70, a PEG ratio of 2.40 and a beta of 1.01. The company has a 50 day moving average price of $20.88 and a two-hundred day moving average price of $19.75.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Cantor Fitzgerald increased their price target on Healthpeak Properties from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Mizuho increased their target price on Healthpeak Properties from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Morgan Stanley restated an “equal weight” rating and set a $22.00 target price (up from $20.00) on shares of Healthpeak Properties in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Healthpeak Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Barclays raised their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Hold” and an average target price of $22.10.

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. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.