Healthpeak Properties (NYSE:DOC) Updates FY24 Earnings Guidance

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Wedbush increased their target price 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. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Royal Bank of Canada increased their target price 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. Finally, Scotiabank increased their target price on shares of Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus target price of $22.62.

Healthpeak Properties Price Performance

Healthpeak Properties stock traded down $0.12 during mid-day trading on Thursday, reaching $23.00. The company had a trading volume of 7,434,271 shares, compared to its average volume of 5,660,511. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day simple moving average is $22.21 and its 200-day simple moving average is $20.62. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $23.26. The company has a market capitalization of $16.19 billion, a P/E ratio of 66.06, a P/E/G ratio of 2.27 and a beta of 1.14.

Healthpeak Properties (NYSE:DOC) last issued 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 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 analysts’ expectations of $665.11 million. During the same period last year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, equities analysts predict that Healthpeak Properties will post 1.8 EPS for the current year.

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.