Healthpeak Properties (NYSE:DOC) Issues FY24 Earnings Guidance

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

Healthpeak Properties Price Performance

Healthpeak Properties stock traded down $0.29 during mid-day trading on Thursday, hitting $18.34. The stock had a trading volume of 6,977,878 shares, compared to its average volume of 7,272,196. The firm’s 50 day moving average is $16.38 and its 200 day moving average is $13.65. Healthpeak Properties has a one year low of $15.24 and a one year high of $22.38. The firm has a market capitalization of $13.01 billion, a P/E ratio of 32.54, a P/E/G ratio of 1.82 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.

Analyst Ratings Changes

DOC has been the subject of several recent analyst reports. Mizuho restated a buy rating and issued a $22.00 price target on shares of Healthpeak Properties in a research note on Monday. Bank of America upgraded shares of Healthpeak Properties from an underperform rating to a buy rating and lifted their price target for the company from $18.00 to $25.00 in a report on Monday, April 1st. Wells Fargo & Company assumed coverage on shares of Healthpeak Properties in a report on Monday, March 25th. They set an equal weight rating and a $19.00 price objective for the company. Compass Point reduced their target price on Healthpeak Properties from $19.00 to $18.00 and set a buy rating on the stock in a report on Tuesday, January 2nd. Finally, KeyCorp reissued a sector weight rating on shares of Healthpeak Properties in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $18.10.

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.