Healthpeak Properties, Inc. (DOC) To Go Ex-Dividend on December 18th

Healthpeak Properties, Inc. (NYSE:DOC) declared a monthly dividend on Thursday, October 1st. Investors of record on Friday, December 18th will be given a dividend of $0.1017 per share by the real estate investment trust on Wednesday, December 30th. This represents a $1.22 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, December 18th.

Healthpeak Properties has decreased its dividend by an average of 0.0%per year over the last three years. Healthpeak Properties has a dividend payout ratio of 369.7% 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 $1.80 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 67.8%.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $19.49 on Friday. Healthpeak Properties has a 52 week low of $15.70 and a 52 week high of $22.95. The company has a market capitalization of $13.44 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of 2.40 and a beta of 1.01. The stock’s fifty day moving average is $20.88 and its two-hundred day moving average is $19.75. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Healthpeak Properties had a net margin of 8.24% and a return on equity of 2.79%. The firm had revenue of $771.58 million for the quarter, compared to analysts’ expectations of $725.64 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Healthpeak Properties has set its FY 2026 guidance at 1.730-1.770 EPS. As a group, analysts expect that Healthpeak Properties will post 1.77 earnings per share for the current year.

Institutional Trading of Healthpeak Properties

Institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Healthpeak Properties by 92.3% during the 2nd quarter. State Street Corp now owns 93,267,685 shares of the real estate investment trust’s stock worth $1,995,928,000 after acquiring an additional 44,767,085 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Healthpeak Properties by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 30,674,812 shares of the real estate investment trust’s stock worth $493,251,000 after purchasing an additional 2,438,278 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Healthpeak Properties by 60.3% during the first quarter. Bank of New York Mellon Corp now owns 15,456,420 shares of the real estate investment trust’s stock worth $253,949,000 after purchasing an additional 5,815,189 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Healthpeak Properties during the 2nd quarter valued at $234,600,000. Finally, Dimensional Fund Advisors LP grew its stake in Healthpeak Properties by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,583,736 shares of the real estate investment trust’s stock worth $173,896,000 after buying an additional 290,589 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, develops, leases and manages healthcare-related properties in the United States. Its portfolio primarily includes outpatient medical office buildings, life science facilities and other properties designed to support healthcare providers, researchers and related businesses.

The company’s outpatient medical office properties are generally located near hospitals and health systems and accommodate physicians, specialty clinics, ambulatory services and other healthcare users.