Business

Healthpeak Properties (PEAK) declares a dividend of $0.30

ProDentim

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Healthpeak Properties said on April 27, 2023 that its board of directors declared a regular quarterly dividend of $0.30 per share ($1.20 annualized). Previously, the company paid $0.30 per share.

Shares must be purchased before the ex-div date of May 5, 2023 to be eligible for the dividend. Shareholders of record as of May 8, 2023 will receive payment on May 19, 2023.

At the current share price of $21.97/share, the stock’s dividend yield is 5.46%.

Looking back five years and taking a sample each week, the average dividend yield was 4.67%, the lowest 3.27% and the highest 7.42%. The standard deviation of returns is 0.86 (n=237).

The current dividend yield is 0.92 standard deviation above the historical average.

Additionally, the company’s dividend payout ratio is 1.20. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is -0.19%.

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What is fund sentiment?

There are 1250 funds or institutions reporting positions in Healthpeak Properties. This is a decrease of 7 owner(s) or 0.56% in the last quarter. Average portfolio weight of all funds dedicated to PEAK is 0.31%, an increase of 6.24%. The total number of shares held by institutions has decreased by 0.91% over the past three months to 562,572,000 shares. PEAK’s put/call ratio is 1.03, indicating a bearish outlook.

Analyst price forecast suggests 27.26% upside

As of April 24, 2023, the one-year average price target for Healthpeak Properties was 27.96. The forecast ranges from a low of 23.23 to a high of $35.70. The average price target represents a 27.26% increase from its last published closing price of 21.97.

Check out our ranking of companies with the biggest upward price target.

Healthpeak Properties’ expected annual revenue is 2,185 million, an increase of 4.62%. Projected annual non-GAAP EPS is 0.49.

What are the other shareholders doing?

PEAK / Healthpeak Properties Inc. Shares held by institutions

VGSIX – Vanguard Real Estate Index Fund Investor Shares owns 24,063,000 shares representing 4.40% ownership of the company. In its previous filing, the company said it held 24,464,000 shares, representing a decrease 1.67%. The company increase its portfolio allocation in PEAK by 4.33% over the last quarter.

Invesco holds 18,589,000 shares representing 3.40% ownership of the company. In its previous filing, the company said it held 18,647,000 shares, representing a decrease by 0.31%. The company decreases its portfolio allocation in PEAK by 0.78% in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 16,319,000 shares representing 2.98% ownership of the company. In its previous filing, the company stated that it holds 16,062,000 shares, representing a raise of 1.58%. The company increase its portfolio allocation in PEAK by 2.63% in the last quarter.

Norges Bank holds 15,420,000 shares representing 2.82% ownership of the company. In its previous filing, the company stated that it held 0,000 shares, representing a raise of 100.00%.

Cohen & Steers holds 15,237,000 shares representing 2.79% ownership of the company. In its previous filing, the company stated that it held 31,652,000 shares, representing a decrease of 107.73%. The company decreases its portfolio allocation in PEAK by 48.05% in the last quarter.

General Information on Healthpeak Properties
(This description is provided by the company.)

Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and an S&P 500 company. Healthpeak owns and develops high-quality real estate in all three privately paid healthcare asset classes of science. of life, medical offices and CCRCs. Healthpeak combines its deep understanding of the healthcare real estate market with a strong vision of long-term growth.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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