An In-depth Look at Upcoming Dividends and Historical Performance
Healthpeak Properties Inc (DOC, Financial) recently announced a dividend of $0.3 per share, payable on 2024-05-17, with the ex-dividend date set for 2024-05-03. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Healthpeak Properties Inc's dividend performance and assess its sustainability.
What Does Healthpeak Properties Inc Do?
Healthpeak Properties Inc owns a diversified healthcare portfolio of approximately 459 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
A Glimpse at Healthpeak Properties Inc's Dividend History
Healthpeak Properties Inc has maintained a consistent dividend payment record since 1985, with dividends currently distributed on a quarterly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Healthpeak Properties Inc's Dividend Yield and Growth
As of today, Healthpeak Properties Inc currently has a 12-month trailing dividend yield of 6.24% and a 12-month forward dividend yield of 6.24%. This suggests an expectation of same dividend payments over the next 12 months. Over the past three years, Healthpeak Properties Inc's annual dividend growth rate was -6.80%. Extended to a five-year horizon, this rate increased to -5.30% per year. And over the past decade, Healthpeak Properties Inc's annual dividends per share growth rate stands at -6.80%.
Based on Healthpeak Properties Inc's dividend yield and five-year growth rate, the 5-year yield on cost of Healthpeak Properties Inc stock as of today is approximately 4.75%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2024-03-31, Healthpeak Properties Inc's dividend payout ratio is 2.53, which may suggest that the company's dividend may not be sustainable.
Healthpeak Properties Inc's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Healthpeak Properties Inc's profitability 8 out of 10 as of 2024-03-31, suggesting good profitability prospects. The company has reported net profit in 9 years out of the past 10 years.
Growth Metrics: The Future Outlook
To ensure the sustainability of dividends, a company must have robust growth metrics. Healthpeak Properties Inc's growth rank of 8 out of 10 suggests that the company's growth trajectory is good relative to its competitors. Healthpeak Properties Inc's revenue per share, combined with the 3-year revenue growth rate, indicates a strong revenue model. Healthpeak Properties Inc's revenue has increased by approximately 8.80% per year on average, a rate that outperforms approximately 69.94% of global competitors. The company's 3-year EPS growth rate showcases its capability to grow its earnings, a critical component for sustaining dividends in the long run. During the past three years, Healthpeak Properties Inc's earnings increased by approximately 16.10% per year on average, a rate that outperforms approximately 64.74% of global competitors. Lastly, the company's 5-year EBITDA growth rate of 3.60%, which outperforms approximately 55.9% of global competitors.
Next Steps
Considering Healthpeak Properties Inc's dividend payments, dividend growth rate, payout ratio, profitability, and growth metrics, investors should weigh these factors when assessing the company's future dividend potential. With a solid profitability rank and strong growth metrics, Healthpeak Properties Inc appears well-positioned to sustain its dividend payments, albeit concerns about the payout ratio may warrant closer scrutiny. For those interested in exploring further, GuruFocus Premium users can screen for high-dividend yield stocks using the High Dividend Yield Screener.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
