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

Healthpeak Properties (NYSE:DOC) issued an update on its FY 2024 earnings guidance on Thursday morning. 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.

Healthpeak Properties Trading Up 2.5 %

NYSE:DOC traded up $0.46 on Friday, hitting $18.80. 7,081,720 shares of the stock were exchanged, compared to its average volume of 5,415,402. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 53.72, a P/E/G ratio of 1.85 and a beta of 1.02. Healthpeak Properties has a 52 week low of $15.24 and a 52 week high of $22.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day moving average price is $16.66 and its 200 day moving average price is $13.75.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DOC shares. BNP Paribas raised Healthpeak Properties from a neutral rating to an outperform rating and boosted their price objective for the stock from $19.00 to $21.00 in a report on Friday. Compass Point dropped their price objective on Healthpeak Properties from $19.00 to $18.00 and set a buy rating for the company in a report on Tuesday, January 2nd. KeyCorp restated a sector weight rating on shares of Healthpeak Properties in a research report on Friday, January 5th. Wells Fargo & Company began 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. Finally, Mizuho restated a buy rating and set a $22.00 target price on shares of Healthpeak Properties in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Healthpeak Properties has an average 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.