Healthpeak Properties, Inc. (DOC) to Issue Monthly Dividend of $0.10 on June 27th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, June 27th. This represents a $1.22 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Monday, June 16th.

Healthpeak Properties has a 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. Analysts expect Healthpeak Properties to earn $1.95 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 62.6%.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $17.38 on Friday. The business’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $19.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties has a one year low of $16.64 and a one year high of $23.26. The company has a market capitalization of $12.07 billion, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that Healthpeak Properties will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Healthpeak Properties

In related news, Director John T. Thomas purchased 4,200 shares of Healthpeak Properties stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now directly owns 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now directly owns 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 29,764 shares of company stock worth $521,909. Insiders own 0.23% of the company’s stock.

Institutional Trading of Healthpeak Properties

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Healthpeak Properties by 7.3% in the first quarter. Integrated Wealth Concepts LLC now owns 18,084 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,231 shares in the last quarter. Woodline Partners LP lifted its stake in Healthpeak Properties by 41.3% in the 1st quarter. Woodline Partners LP now owns 59,103 shares of the real estate investment trust’s stock valued at $1,195,000 after acquiring an additional 17,279 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Healthpeak Properties by 110.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,881 shares of the real estate investment trust’s stock valued at $2,463,000 after acquiring an additional 63,930 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Wedbush lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Evercore ISI decreased their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Scotiabank decreased their price target on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.27.

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.