Healthpeak Properties (DOC) to Release Earnings on Thursday

Healthpeak Properties (NYSE:DOC) will announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Healthpeak Properties has set its FY 2024 guidance at 1.770-1.810 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) 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 firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $665.11 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’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 Trading Up 1.1 %

DOC stock opened at $22.43 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. Healthpeak Properties has a 12-month low of $15.24 and a 12-month high of $23.14. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 64.09, a PEG ratio of 2.27 and a beta of 1.14. The business’s 50-day moving average is $22.19 and its 200 day moving average is $20.60.

Wall Street Analyst Weigh In

DOC has been the topic of several recent research reports. Wedbush boosted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Evercore ISI boosted their target price on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company restated an “equal weight” rating and set a $23.00 target price (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Finally, Royal Bank of Canada boosted their target price on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.62.

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.