Healthpeak Properties (NYSE:DOC) Releases FY24 Earnings Guidance

Healthpeak Properties (NYSE:DOC) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.73-1.79 for the period, compared to the consensus estimate of $1.77. Healthpeak Properties also updated its FY 2024 guidance to 1.760-1.800 EPS.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded up $0.46 during midday trading on Friday, reaching $18.80. The company’s stock had a trading volume of 7,081,720 shares, compared to its average volume of 5,415,402. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $22.38. The firm has a 50 day moving average price of $16.66 and a 200-day moving average price of $13.74. The stock has a market capitalization of $13.34 billion, a P/E ratio of 53.77, a PEG ratio of 1.81 and a beta of 1.02. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho reiterated a buy rating and issued a $22.00 price objective on shares of Healthpeak Properties in a research note on Monday, April 22nd. Wells Fargo & Company assumed coverage on Healthpeak Properties in a research note on Monday, March 25th. They issued an equal weight rating and a $19.00 price objective on the stock. Compass Point dropped their price objective on Healthpeak Properties from $19.00 to $18.00 and set a buy rating on the stock in a research note on Tuesday, January 2nd. KeyCorp reiterated a sector weight rating on shares of Healthpeak Properties in a research note on Friday, January 5th. Finally, Bank of America upgraded Healthpeak Properties from an underperform rating to a buy rating and upped their price objective for the company from $18.00 to $25.00 in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of Hold and an average target price of $18.36.

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.