Realty Income Declares 667th Consecutive Monthly Dividend; Healthpeak Shifts to Monthly Payments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: NASDAQ.COM
- Dividend Record: Realty Income recently declared its 667th consecutive monthly dividend, having increased its payments 133 times since its 1994 public listing, showcasing its stable cash flow and strong financial flexibility that is expected to support future dividend growth.
- Yield Comparison: Healthpeak Properties offers a 6.8% dividend yield, surpassing Realty Income's 5%, and after transitioning to monthly dividends, Healthpeak plans to unlock the value of its senior housing portfolio through an IPO, enhancing its future investment potential.
- Investment Plans: Realty Income was on track to invest over $6 billion last year, leveraging its diversified portfolio and maintaining a payout ratio below 75%, ensuring continued investment capacity to support future growth.
- Market Dynamics: Healthpeak is recycling capital by selling some outpatient medical properties to opportunistically acquire lab properties amid the current sector downturn, with expectations that these new investments will further drive dividend growth and strengthen its competitive position in the healthcare real estate market.
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Analyst Views on DOC
Wall Street analysts forecast DOC stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 16.280
Low
16.71
Averages
19.23
High
21.00
Current: 16.280
Low
16.71
Averages
19.23
High
21.00
About DOC
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, develops, owns, leases, and manages healthcare real estate across the United States. It owns, operates, and develops real estate focused on healthcare discovery and delivery. The Company’s segments include Lab, Outpatient medical and continuing care retirement community (CCRC). The Outpatient medical segment owns, operates, and develops outpatient medical buildings, hospitals, and lab buildings. The lab segment properties contain laboratory and office space, are leased primarily to biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies, and other organizations involved in the life science industry. Its CCRC segment is a retirement community that include independent living, assisted living, memory care, and skilled nursing units to provide a continuum of care in an integrated campus.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Investment Strategies: Analysts recommend a balanced investment approach between SPG and DOC, highlighting the potential for growth in both retail and healthcare sectors, while also noting the importance of understanding consumer spending patterns.
See More
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- Outpatient Medical Growth: In 2025, the outpatient medical segment delivered 4.9 million square feet of leasing, including 1 million square feet of new leases, with a tenant retention rate of 79%, indicating the company's benefit from ongoing policy support and market demand for lower-cost, convenient outpatient settings.
- Lab Segment Challenges: Despite facing operational headwinds in the lab segment during the first half of 2025, management noted that new deliveries are expected to trend towards zero in the coming years, which should help alleviate supply overhang and drive long-term value growth.
- Future Outlook: Healthpeak forecasts adjusted FFO per share for 2026 to range between $1.70 and $1.74, and while facing ongoing pressures in the lab segment, management remains optimistic about growth in outpatient and senior housing sectors, emphasizing the importance of capital recycling and operational leadership.
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See More
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See More
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- Revenue Growth: The company achieved Q4 revenue of $719.4 million, reflecting a 3.1% year-over-year increase and surpassing market expectations by $32.12 million, showcasing its ongoing growth potential.
- 2026 Guidance: Healthpeak projects diluted earnings per share for 2026 to be between $0.34 and $0.38, with diluted Nareit FFO per share expected at $1.70 to $1.74, although below the $1.83 consensus, reflecting cautious market sentiment regarding future growth.
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