Healthpeak Properties (NYSE:DOC) Issues FY24 Earnings Guidance

Healthpeak Properties (NYSE:DOC) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.80-$1.82 for the period, compared to the consensus earnings per share estimate of $1.80.

Analysts Set New Price Targets

DOC has been the topic of several recent research reports. Citigroup boosted their price target on shares of Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Wedbush raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.86.

Healthpeak Properties Price Performance

Shares of DOC opened at $20.86 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. Healthpeak Properties has a fifty-two week low of $16.01 and a fifty-two week high of $23.26. The company has a market cap of $14.59 billion, a P/E ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13. The firm’s 50 day moving average price is $22.26 and its 200 day moving average price is $21.08.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.32). The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $682.51 million. Healthpeak Properties had a net margin of 12.10% and a return on equity of 3.53%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, research analysts forecast that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date was Monday, November 4th. Healthpeak Properties’s dividend payout ratio is presently 255.32%.

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.