Healthpeak Properties (DOC) Set to Announce Earnings on Thursday

Healthpeak Properties (NYSE:DOC) will 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 that wish to listen to the company’s earnings conference call can do so using this link.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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). The business had revenue of $695.50 million during 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% compared to the same quarter last year. During the same quarter last year, the firm earned $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 Stock Up 1.7 %

DOC opened at $22.69 on Thursday. The business’s fifty day moving average is $22.12 and its two-hundred day moving average is $20.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 2.27 and a beta of 1.14. Healthpeak Properties has a one year low of $15.24 and a one year high of $23.14.

Healthpeak Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.30 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.29%. Healthpeak Properties’s dividend payout ratio (DPR) is 342.86%.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wedbush boosted their price target on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Scotiabank upped their target price on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Citigroup upped their target price on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada upped their target price on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $22.17.

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.