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

Healthpeak Properties (NYSE:PEAK) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.730-1.790 for the period, compared to the consensus estimate of 1.780. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

PEAK has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on Healthpeak Properties in a report on Tuesday, January 30th. They issued a hold rating and a $21.00 price objective for the company. Scotiabank cut their target price on shares of Healthpeak Properties from $23.00 to $22.00 and set a sector outperform rating on the stock in a research note on Monday, March 4th. Finally, BNP Paribas raised Healthpeak Properties from an underperform rating to a neutral rating and set a $19.00 price target on the stock in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of Hold and an average price target of $23.05.

Healthpeak Properties Stock Performance

Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $24.46. The company has a market capitalization of $9.36 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 4.00 and a beta of 1.01. The business has a 50 day moving average of $18.11 and a two-hundred day moving average of $18.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Healthpeak Properties (NYSE:PEAK) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.32). The business had revenue of $553.65 million during the quarter, compared to the consensus estimate of $553.77 million. Healthpeak Properties had a net margin of 13.97% and a return on equity of 4.34%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. On average, equities research analysts predict that Healthpeak Properties will post 1.77 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Wednesday, February 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.20 annualized dividend and a yield of ∞. Healthpeak Properties’s payout ratio is 214.29%.

Insider Buying and Selling at Healthpeak Properties

In related news, Director Sara Grootwassink Lewis bought 18,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $16.71 per share, for a total transaction of $300,780.00. Following the purchase, the director now owns 22,000 shares in the company, valued at $367,620. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Healthpeak Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Healthpeak Properties in the 4th quarter worth $386,590,000. Invesco Ltd. increased its position in Healthpeak Properties by 96.4% in the first quarter. Invesco Ltd. now owns 11,512,029 shares of the company’s stock worth $395,209,000 after buying an additional 5,650,120 shares in the last quarter. State Street Corp increased its position in Healthpeak Properties by 8.8% in the first quarter. State Street Corp now owns 38,709,498 shares of the company’s stock worth $1,328,897,000 after buying an additional 3,142,939 shares in the last quarter. Eaton Vance Management raised its stake in shares of Healthpeak Properties by 226.9% in the first quarter. Eaton Vance Management now owns 3,616,528 shares of the company’s stock worth $124,156,000 after buying an additional 2,510,133 shares during the period. Finally, Foresight Group Ltd Liability Partnership purchased a new position in shares of Healthpeak Properties during the 4th quarter valued at about $38,002,000. Hedge funds and other institutional investors own 92.55% of the company’s stock.

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.