Healthpeak Properties, Inc. (NYSE:DOC – Get Free Report) announced a quarterly dividend on Wednesday, July 24th, Wall Street Journal reports. Investors of record on Monday, August 5th will be given a dividend of 0.30 per share by the real estate investment trust on Friday, August 16th. This represents a $1.20 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Monday, August 5th.
Healthpeak Properties has increased its dividend payment by an average of 36.5% annually over the last three years. Healthpeak Properties has a payout ratio of 240.0% 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 $1.20 annual dividend with an expected future payout ratio of 64.5%.
Healthpeak Properties Stock Performance
Shares of NYSE DOC traded up $1.14 during midday trading on Friday, hitting $21.90. 8,948,047 shares of the stock traded hands, compared to its average volume of 6,057,449. The firm has a market capitalization of $15.41 billion, a P/E ratio of 62.52, a PEG ratio of 2.59 and a beta of 1.11. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a 50-day moving average of $19.77 and a two-hundred day moving average of $17.14.
Wall Street Analyst Weigh In
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About Healthpeak Properties
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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