Healthpeak Properties (NYSE:DOC – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.79-1.81 for the period, compared to the consensus EPS estimate of $1.79. Healthpeak Properties also updated its FY 2024 guidance to 1.560-1.580 EPS.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Citigroup raised their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Evercore ISI raised their target price on shares of Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthpeak Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Monday. Royal Bank of Canada lifted their price target on shares of Healthpeak Properties from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Scotiabank lifted their price target on shares of Healthpeak Properties from $23.00 to $24.00 and gave the company a “sector outperform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.62.
Read Our Latest Analysis on DOC
Healthpeak Properties Stock Down 0.5 %
Healthpeak Properties (NYSE:DOC – Get Free Report) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) 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 analyst estimates of $665.11 million. Healthpeak Properties had a net margin of 11.93% and a return on equity of 3.51%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Healthpeak Properties will post 1.8 earnings per share for the current fiscal year.
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.
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