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

Healthpeak Properties (NYSE:DOC) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.770-1.810 for the period, compared to the consensus earnings per share estimate of 1.780. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DOC. Argus upgraded Healthpeak Properties to a strong-buy rating in a report on Thursday, May 9th. Mizuho reaffirmed a buy rating and issued a $22.00 price objective on shares of Healthpeak Properties in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. Wedbush upgraded shares of Healthpeak Properties from a neutral rating to an outperform rating in a report on Friday, May 3rd. Finally, Scotiabank boosted their price objective on shares of Healthpeak Properties from $22.00 to $23.00 and gave the stock a sector outperform rating in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $19.90.

Healthpeak Properties Stock Up 5.5 %

DOC traded up $1.14 during trading hours on Friday, reaching $21.90. 8,948,525 shares of the stock traded hands, compared to its average volume of 3,874,896. Healthpeak Properties has a fifty-two week low of $15.24 and a fifty-two week high of $22.38. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 62.57, a PEG ratio of 2.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.69. The firm’s fifty day simple moving average is $19.81 and its two-hundred day simple moving average is $17.23.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.69% and a net margin of 11.93%. The business had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. As a group, analysts forecast that Healthpeak Properties will post 1.79 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.48%. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

About Healthpeak Properties

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.