Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on November 4th

Healthpeak Properties, Inc. (NYSE:DOC) declared a quarterly dividend on Thursday, October 24th, Wall Street Journal reports. Shareholders of record on Monday, November 4th will be paid 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 yield of 5.38%. The ex-dividend date is Monday, November 4th.

Healthpeak Properties has raised its dividend payment by an average of 36.5% annually over the last three years. Healthpeak Properties has a dividend 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. Equities 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 Stock Down 3.1 %

Shares of Healthpeak Properties stock opened at $22.29 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $22.26 and its two-hundred day simple moving average is $20.66. The company has a market cap of $15.59 billion, a P/E ratio of 47.43, a PEG ratio of 3.30 and a beta of 1.14. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Research analysts anticipate that Healthpeak Properties will post 1.79 EPS for the current year.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of research analyst reports. Scotiabank boosted their price objective on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised shares of Healthpeak Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $28.00 in a research report on Monday, October 21st. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Citigroup upped their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.62.

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.