Healthpeak Properties (NYSE:DOC) Releases FY 2024 Earnings Guidance

Healthpeak Properties (NYSE:DOC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.810 for the period, compared to the consensus earnings per share estimate of 1.780. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DOC. StockNews.com raised shares of Healthpeak Properties from a sell rating to a hold rating in a research note on Tuesday. Mizuho restated a buy rating and set a $22.00 target price on shares of Healthpeak Properties in a report on Monday, April 22nd. Scotiabank boosted their target price on shares of Healthpeak Properties from $22.00 to $23.00 and gave the stock a sector outperform rating in a report on Thursday, May 16th. Argus upgraded shares of Healthpeak Properties to a strong-buy rating in a report on Thursday, May 9th. Finally, Royal Bank of Canada boosted their target price on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Healthpeak Properties has a consensus rating of Moderate Buy and a consensus target price of $19.90.

Healthpeak Properties Trading Up 5.5 %

NYSE:DOC traded up $1.14 on Friday, reaching $21.90. 8,948,525 shares of the stock traded hands, compared to its average volume of 3,874,896. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 62.57, a price-to-earnings-growth ratio of 2.59 and a beta of 1.11. The company’s 50 day moving average is $19.81 and its 200-day moving average is $17.20. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38.

Healthpeak Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Monday, August 5th. Healthpeak Properties’s dividend payout ratio is presently 342.86%.

About Healthpeak Properties

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.