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 1.770-1.810 for the period, compared to the consensus EPS estimate of 1.780. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms have commented on DOC. Mizuho restated a buy rating and issued a $22.00 price objective on shares of Healthpeak Properties in a research report on Monday, April 22nd. Royal Bank of Canada increased their price target on shares of Healthpeak Properties from $21.00 to $22.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Scotiabank lifted their price objective on shares of Healthpeak Properties from $22.00 to $23.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. Argus upgraded shares of Healthpeak Properties to a strong-buy rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of Moderate Buy and a consensus target price of $19.90.

Healthpeak Properties Price Performance

DOC stock traded up $1.14 during trading on Friday, hitting $21.90. The stock had a trading volume of 8,947,746 shares, compared to its average volume of 6,057,449. The company’s 50-day moving average price is $19.81 and its two-hundred day moving average price is $17.20. Healthpeak Properties has a twelve month low of $15.24 and a twelve month high of $22.38. The stock has a market capitalization of $15.41 billion, a P/E ratio of 62.57, a PEG ratio of 2.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.69 and a quick ratio of 0.69.

Healthpeak Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Monday, August 5th. Healthpeak Properties’s dividend payout ratio is presently 342.87%.

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.