Healthpeak Properties (DOC) Scheduled to Post Quarterly Earnings on Thursday

Healthpeak Properties (NYSE:DOC) is scheduled to be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Healthpeak Properties to post earnings of $0.44 per share for the quarter. Healthpeak Properties has set its FY 2024 guidance at 1.770-1.810 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, analysts expect Healthpeak Properties to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Healthpeak Properties Trading Down 2.0 %

Shares of Healthpeak Properties stock opened at $22.18 on Tuesday. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $23.14. The company’s fifty day simple moving average is $22.18 and its 200-day simple moving average is $20.58. 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 has a market capitalization of $15.61 billion, a PE ratio of 63.37, a P/E/G ratio of 2.27 and a beta of 1.14.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.41%. Healthpeak Properties’s dividend payout ratio (DPR) is presently 342.86%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of analyst reports. Citigroup upped their price target on Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. 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 report on Monday, September 9th. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Wells Fargo & Company reissued an “equal weight” rating and issued a $23.00 price objective (up from $22.00) on shares of Healthpeak Properties in a research note on Tuesday, October 1st. Finally, Wedbush raised 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.62.

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.