Healthpeak Properties (NYSE:DOC) Updates FY 2024 Earnings Guidance

Healthpeak Properties (NYSE:DOC) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.560-1.580 for the period, compared to the consensus earnings per share estimate of 1.790. The company issued revenue guidance of -. Healthpeak Properties also updated its FY24 guidance to $1.79-1.81 EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a report on Monday. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wedbush boosted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.62.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock traded down $0.71 during trading on Friday, hitting $22.29. 8,801,739 shares of the stock were exchanged, compared to its average volume of 5,678,887. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average price of $22.24 and a 200-day moving average price of $20.64. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 63.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $665.11 million. During the same period last year, the firm earned $0.45 EPS. Healthpeak Properties’s quarterly revenue was up 27.5% compared to the same quarter last year. As a group, equities analysts predict that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Monday, November 4th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

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.