Healthpeak Properties, Inc. (NYSE:DOC) Announces Dividend Increase – $0.31 Per Share

Healthpeak Properties, Inc. (NYSE:DOC) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 14th will be paid a dividend of 0.305 per share by the real estate investment trust on Wednesday, February 26th. This represents a $1.22 annualized dividend and a yield of 6.09%. The ex-dividend date is Friday, February 14th. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30.

Healthpeak Properties has increased its dividend by an average of 34.0% annually over the last three years. Healthpeak Properties has a dividend payout ratio of 428.6% 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 1.6 %

Shares of NYSE:DOC opened at $20.05 on Wednesday. The company’s 50-day moving average price is $20.67 and its two-hundred day moving average price is $21.54. Healthpeak Properties has a one year low of $16.01 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $14.02 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15.

Analyst Ratings Changes

Several research analysts recently commented on DOC shares. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Mizuho dropped their price target on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.15.

About Healthpeak Properties

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.