Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report) announced a monthly dividend on Thursday, July 9th. Investors of record on Monday, August 17th will be given a dividend of 0.1017 per share by the real estate investment trust on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, August 17th.
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% 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 $1.77 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 68.9%.
Healthpeak Properties Trading Down 0.8%
Shares of DOC opened at $21.59 on Friday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 67.49, a PEG ratio of 3.38 and a beta of 1.02. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $18.00. Healthpeak Properties has a twelve month low of $15.70 and a twelve month high of $22.13.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DOC. Raymond James Financial started coverage on shares of Healthpeak Properties in a report on Wednesday, June 17th. They set a “market perform” rating for the company. Robert W. Baird upped their price target on Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. UBS Group increased their price objective on Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup boosted their target price on Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Mizuho upped their target price on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.50.
Read Our Latest Report on Healthpeak Properties
Healthpeak Properties Company Profile
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
Featured Articles
- Five stocks we like better than Healthpeak Properties
- PepsiCo’s Dividend Could Turn Patience Into Real Profit
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
Receive News & Ratings for Healthpeak Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthpeak Properties and related companies with MarketBeat.com's FREE daily email newsletter.
