Healthpeak Properties, Inc. (DOC) to Issue Quarterly Dividend of $0.31 on February 26th

Healthpeak Properties, Inc. (NYSE:DOC) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Friday, February 14th will be given 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 6.23%. 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% per year over the last three years. Healthpeak Properties has a payout ratio of 469.2% meaning 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 $1.94 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 62.9%.

Healthpeak Properties Price Performance

DOC stock opened at $19.60 on Wednesday. The stock has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $21.51. The firm has a market cap of $13.71 billion, a P/E ratio of 55.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. Healthpeak Properties has a 1 year low of $16.01 and a 1 year high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.31 and a current ratio of 1.35.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Mizuho reduced their price target on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Robert W. Baird dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Healthpeak Properties has an average rating of “Moderate Buy” and a consensus price target of $24.08.

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.