Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) declared a monthly dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.1017 per share by the real estate investment trust on Friday, June 27th. This represents a $1.22 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, June 16th.
Healthpeak Properties has raised its dividend by an average of 34.0% annually over the last three years. Healthpeak Properties has a payout ratio of 420.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 DOC traded up $0.42 during midday trading on Monday, hitting $18.58. 1,703,750 shares of the stock traded hands, compared to its average volume of 4,889,231. The business's 50 day moving average price is $19.79 and its two-hundred day moving average price is $20.81. The firm has a market capitalization of $13.00 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties has a 1-year low of $17.33 and a 1-year high of $23.26.
Wall Street Analyst Weigh In
DOC has been the subject of a number of analyst reports. Morgan Stanley raised 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. Robert W. Baird reduced their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Wedbush restated an "outperform" rating and issued a $24.00 target price on shares of Healthpeak Properties in a research report on Friday. StockNews.com upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd. Finally, Scotiabank lowered their price target on Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.
Check Out Our Latest Stock Analysis on DOC
About Healthpeak Properties
(
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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.
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