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

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Evercore ISI increased their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Citigroup increased their price objective on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised Healthpeak Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $20.00 to $28.00 in a research note on Monday. Royal Bank of Canada raised their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, Wedbush boosted their price objective on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.62.

Healthpeak Properties Stock Down 0.6 %

Shares of NYSE DOC traded down $0.13 on Thursday, reaching $22.99. 8,096,503 shares of the company’s stock traded hands, compared to its average volume of 5,663,726. The business’s 50 day simple moving average is $22.24 and its two-hundred day simple moving average is $20.64. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $23.26. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 65.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.91.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data 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 net margin of 11.93% and a return on equity of 3.51%. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $665.11 million. During the same period last year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. As a group, equities research analysts forecast that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

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.