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

Healthpeak Properties, Inc. (NYSE:DOC) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.305 per share by the real estate investment trust on Wednesday, February 26th. This represents a $1.22 dividend on an annualized basis and a yield of 5.98%. This is a boost from Healthpeak Properties’s previous quarterly dividend of $0.30.

Healthpeak Properties has increased its dividend by an average of 34.0% annually over the last three years. Healthpeak Properties has a dividend payout ratio of 428.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $1.20 annual dividend with an expected future payout ratio of 64.5%.

Healthpeak Properties Stock Performance

Shares of NYSE DOC opened at $20.41 on Tuesday. The business has a fifty day simple moving average of $20.75 and a 200 day simple moving average of $21.55. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 2.22 and a beta of 1.15. Healthpeak Properties has a one year low of $16.01 and a one year high of $23.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

Analyst Ratings Changes

Several research analysts have issued reports on DOC shares. Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Monday, October 21st. Robert W. Baird lifted their price target on Healthpeak Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Mizuho dropped their target price on Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Royal Bank of Canada lifted their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.