Healthpeak Properties, Inc. (NYSE:DOC) Raises Dividend to $0.31 Per Share

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Friday, February 14th will be paid 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 6.15%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Healthpeak Properties's previous quarterly dividend of $0.30.

Healthpeak Properties has increased its dividend payment by an average of 34.0% annually over the last three years. Healthpeak Properties has a dividend 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 research analysts expect Healthpeak Properties to earn $1.86 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 65.6%.

Healthpeak Properties Trading Down 1.3 %

Shares of DOC stock traded down $0.27 on Friday, hitting $19.85. The stock had a trading volume of 6,439,352 shares, compared to its average volume of 4,795,188. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties has a twelve month low of $16.01 and a twelve month high of $23.26. The company has a fifty day moving average price of $20.59 and a two-hundred day moving average price of $21.52. The firm has a market cap of $13.88 billion, a P/E ratio of 42.23, a PEG ratio of 2.22 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho decreased their target price on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Robert W. Baird boosted their price objective on Healthpeak Properties from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.15.

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.