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 also updated its FY 2024 guidance to 1.760-1.800 EPS.

Healthpeak Properties Price Performance

DOC stock traded up $0.46 during midday trading on Friday, reaching $18.80. 7,081,720 shares of the company’s stock traded hands, compared to its average volume of 5,415,402. The company has a 50-day simple moving average of $16.66 and a two-hundred day simple moving average of $13.74. Healthpeak Properties has a 1-year low of $15.24 and a 1-year high of $22.38. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 53.77, a PEG ratio of 1.81 and a beta of 1.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BNP Paribas upgraded Healthpeak Properties from a neutral rating to an outperform rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Friday. Wells Fargo & Company assumed coverage on Healthpeak Properties in a research report on Monday, March 25th. They set an equal weight rating and a $19.00 target price for the company. StockNews.com downgraded Healthpeak Properties from a hold rating to a sell rating in a research report on Friday. Bank of America upgraded Healthpeak Properties from an underperform rating to a buy rating and boosted their target price for the stock from $18.00 to $25.00 in a research report on Monday, April 1st. Finally, KeyCorp restated a sector weight rating on shares of Healthpeak Properties in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties currently 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.