Healthpeak Properties (NYSE:DOC) Issues Quarterly Earnings Results, Misses Expectations By $0.41 EPS

Healthpeak Properties (NYSE:DOC) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.41), FiscalAI reports. The business had revenue of $820.89 million for the quarter, compared to analyst estimates of $739.18 million. Healthpeak Properties had a return on equity of 4.25% and a net margin of 12.32%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share.

Healthpeak Properties Trading Up 0.9%

DOC stock opened at $20.30 on Friday. The company has a market capitalization of $13.99 billion, a PE ratio of 10.70, a P/E/G ratio of 2.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.02 and a quick ratio of 3.02. Healthpeak Properties has a 12 month low of $15.70 and a 12 month high of $22.95. The firm’s 50-day moving average is $19.74 and its 200 day moving average is $19.20.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Friday, December 18th will be issued a $0.1017 dividend. The ex-dividend date is Friday, December 18th. This represents a $1.22 annualized dividend and a yield of 6.0%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 225.93%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Wells Fargo & Company dropped their price objective on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Jefferies Financial Group started coverage on Healthpeak Properties in a research note on Tuesday, September 15th. They set a “hold” rating and a $21.00 target price on the stock. Robert W. Baird increased their price objective on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, Cantor Fitzgerald dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.47.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.