Healthpeak Properties (NYSE:DOC) Posts Earnings Results

Healthpeak Properties (NYSE:DOC) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23), Zacks reports. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.69%. The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $665.11 million. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Healthpeak Properties updated its FY 2024 guidance to 1.770-1.810 EPS.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded up $1.14 during mid-day trading on Friday, reaching $21.90. The company’s stock had a trading volume of 8,948,525 shares, compared to its average volume of 3,874,896. The stock has a 50-day moving average of $19.81 and a two-hundred day moving average of $17.23. The stock has a market capitalization of $15.41 billion, a P/E ratio of 62.57, a P/E/G ratio of 2.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.69 and a current ratio of 0.69. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Monday, August 5th. Healthpeak Properties’s dividend payout ratio (DPR) is 342.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DOC shares. Mizuho reiterated a “buy” rating and set a $22.00 price target on shares of Healthpeak Properties in a research note on Monday, April 22nd. StockNews.com upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Scotiabank lifted their price target on shares of Healthpeak Properties from $22.00 to $23.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. BNP Paribas raised shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $21.00 in a research note on Friday, April 26th. Finally, Wedbush upgraded shares of Healthpeak Properties from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.90.

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.