Healthpeak Properties (DOC) Set to Announce Earnings on Thursday

Healthpeak Properties (NYSE:DOC) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Healthpeak Properties to post earnings of $0.44 per share for the quarter. Healthpeak Properties has set its FY 2024 guidance at 1.770-1.810 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Healthpeak Properties had a return on equity of 3.51% and a net margin of 11.93%. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. During the same period in the previous year, the company earned $0.45 EPS. Healthpeak Properties’s quarterly revenue was up 27.5% on a year-over-year basis. On average, analysts expect Healthpeak Properties to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $22.69 on Thursday. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $23.14. The business has a 50-day moving average of $22.12 and a 200-day moving average of $20.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 2.27 and a beta of 1.14.

Healthpeak Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Monday, August 5th. Healthpeak Properties’s payout ratio is 342.86%.

Analysts Set New Price Targets

DOC has been the subject of a number of analyst reports. Citigroup increased their price target on Healthpeak Properties from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. StockNews.com raised Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Friday, October 11th. Evercore ISI upped their price objective on Healthpeak Properties from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a research note on Monday, September 9th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average price target of $22.17.

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.