Healthpeak Properties, Inc. (NYSE:DOC) to Post Q3 2024 Earnings of $0.44 Per Share, Wedbush Forecasts

Healthpeak Properties, Inc. (NYSE:DOC) – Wedbush cut their Q3 2024 earnings per share estimates for Healthpeak Properties in a report issued on Monday, July 29th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.45. Wedbush currently has a “Outperform” rating and a $25.00 price target on the stock. The consensus estimate for Healthpeak Properties’ current full-year earnings is $1.79 per share. Wedbush also issued estimates for Healthpeak Properties’ Q4 2024 earnings at $0.45 EPS.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price objective on Healthpeak Properties from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday. BNP Paribas raised Healthpeak Properties from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $21.00 in a report on Friday, April 26th. Scotiabank lifted their price objective on Healthpeak Properties from $22.00 to $23.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Healthpeak Properties from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.64.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $21.54 on Thursday. The stock has a fifty day moving average price of $20.04 and a 200 day moving average price of $17.49. The stock has a market cap of $15.06 billion, a PE ratio of 61.54, a P/E/G ratio of 2.72 and a beta of 1.11. Healthpeak Properties has a 1 year low of $15.24 and a 1 year high of $22.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.70.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The firm’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share.

Hedge Funds Weigh In On Healthpeak Properties

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in Healthpeak Properties by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,943,465 shares of the real estate investment trust’s stock valued at $52,488,000 after purchasing an additional 239,972 shares during the last quarter. Norges Bank acquired a new position in Healthpeak Properties in the fourth quarter valued at $34,883,000. Victory Capital Management Inc. increased its stake in Healthpeak Properties by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,270,712 shares of the real estate investment trust’s stock valued at $30,223,000 after purchasing an additional 87,506 shares during the last quarter. Leeward Investments LLC MA acquired a new position in Healthpeak Properties in the fourth quarter valued at $13,038,000. Finally, abrdn plc increased its stake in Healthpeak Properties by 1,749.1% in the fourth quarter. abrdn plc now owns 919,351 shares of the real estate investment trust’s stock valued at $12,237,000 after purchasing an additional 869,631 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.20 annualized dividend and a yield of 5.57%. Healthpeak Properties’s payout ratio is currently 342.87%.

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.