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

Healthpeak Properties (NYSE:DOC) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.760-1.800 for the period, compared to the consensus earnings per share estimate of 1.770. The company issued revenue guidance of -. Healthpeak Properties also updated its FY24 guidance to $1.73-1.79 EPS.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOC. StockNews.com downgraded shares of Healthpeak Properties from a hold rating to a sell rating in a research note on Friday. Royal Bank of Canada upped their target price on shares of Healthpeak Properties from $21.00 to $22.00 and gave the company an outperform rating in a research note on Wednesday, April 10th. BNP Paribas upgraded shares of Healthpeak Properties from a neutral rating to an outperform rating and upped their target price for the company from $19.00 to $21.00 in a research note on Friday. Wells Fargo & Company assumed coverage on shares of Healthpeak Properties in a research note on Monday, March 25th. They set an equal weight rating and a $19.00 price objective on the stock. Finally, KeyCorp reiterated a sector weight rating on shares of Healthpeak Properties in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $18.36.

Healthpeak Properties Price Performance

DOC traded up $0.46 on Friday, reaching $18.80. The company had a trading volume of 7,081,720 shares, compared to its average volume of 5,415,402. The company has a fifty day moving average of $16.66 and a 200-day moving average of $13.75. The company has a market capitalization of $13.34 billion, a P/E ratio of 53.72, a PEG ratio of 1.85 and a beta of 1.02. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38.

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.