Healthpeak Properties (NYSE:DOC) Issues FY24 Earnings Guidance

Healthpeak Properties (NYSE:DOC) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $1.80-$1.82 for the period, compared to the consensus EPS estimate of $1.80.

Wall Street Analyst Weigh In

DOC has been the topic of several analyst reports. Royal Bank of Canada increased their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a report on Monday, October 21st. Citigroup boosted their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Wedbush raised their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

Healthpeak Properties Stock Performance

DOC stock opened at $20.86 on Tuesday. The business’s 50-day moving average is $22.26 and its 200 day moving average is $21.08. Healthpeak Properties has a 12-month low of $16.01 and a 12-month high of $23.26. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.32 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.93.

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

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.30 dividend. 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 (DPR) is 255.32%.

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.