Healthpeak Properties, Inc. (DOC) to Issue Quarterly Dividend of $0.30 on November 15th

Healthpeak Properties, Inc. (NYSE:DOC) announced a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, November 4th.

Healthpeak Properties has raised its dividend by an average of 36.5% annually over the last three years. Healthpeak Properties has a payout ratio of 545.5% 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 $1.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 64.5%.

Healthpeak Properties Trading Down 2.1 %

Shares of NYSE:DOC opened at $21.99 on Friday. The business’s 50 day moving average price is $22.30 and its 200-day moving average price is $20.79. Healthpeak Properties has a 1 year low of $15.44 and a 1 year high of $23.26. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities research analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DOC shares. Scotiabank boosted their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. Robert W. Baird boosted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Wedbush upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.