Healthpeak Properties, Inc. (NYSE:DOC) Plans $0.10 Monthly Dividend

Healthpeak Properties, Inc. (NYSE:DOC) announced a monthly dividend on Monday, October 6th. Investors of record on Friday, December 19th will be given a dividend of 0.1017 per share by the real estate investment trust on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, December 19th.

Healthpeak Properties has a dividend 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 Up 0.5%

Shares of DOC stock opened at $19.35 on Tuesday. Healthpeak Properties has a twelve month low of $16.63 and a twelve month high of $23.26. The stock has a market cap of $13.44 billion, a P/E ratio of 80.26, a P/E/G ratio of 2.50 and a beta of 1.09. The stock has a 50 day moving average of $17.90 and a 200 day moving average of $17.99. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Healthpeak Properties has set its FY 2025 guidance at 1.810-1.870 EPS. As a group, sell-side analysts expect that Healthpeak Properties will post 1.86 EPS for the current year.

Insider Buying and Selling at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 2,930 shares of the stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares of the company’s stock, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 8,783 shares of company stock valued at $150,129 in the last quarter. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group grew its position in Healthpeak Properties by 198.9% in the first quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 873 shares during the period. TCTC Holdings LLC raised its holdings in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 751 shares during the period. S.A. Mason LLC lifted its position in Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares during the last quarter. Dagco Inc. purchased a new position in Healthpeak Properties during the first quarter worth about $30,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Healthpeak Properties in the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.