Healthpeak Properties (NYSE:DOC) Posts Earnings Results, Misses Estimates By $0.04 EPS

Healthpeak Properties (NYSE:DOC) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04), FiscalAI reports. Healthpeak Properties had a return on equity of 2.79% and a net margin of 8.24%. The company had revenue of $820.89 million for the quarter, compared to analysts’ expectations of $739.18 million.

Healthpeak Properties Stock Performance

NYSE DOC traded up $0.51 during mid-day trading on Monday, reaching $19.54. 9,581,444 shares of the stock were exchanged, compared to its average volume of 7,673,202. The company has a market capitalization of $13.47 billion, a P/E ratio of 55.82, a P/E/G ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.02 and a current ratio of 3.02. The business’s 50 day moving average is $19.90 and its 200-day moving average is $19.14. Healthpeak Properties has a 1 year low of $15.70 and a 1 year high of $22.95.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 18th. Healthpeak Properties’s payout ratio is 348.57%.

Analyst Ratings Changes

DOC has been the subject of several analyst reports. Robert W. Baird increased their price objective on Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Barclays cut their price objective on shares of Healthpeak Properties from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Mizuho upped their price target on shares of Healthpeak Properties from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their price objective on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.60.

About Healthpeak Properties

Healthpeak Properties, Inc (NYSE:DOC) is a real estate investment trust that owns, operates and develops healthcare-related real estate in the United States. The company primarily serves healthcare providers, research organizations and senior-care operators through a portfolio of specialized properties.

Its main activities include the ownership and leasing of outpatient medical office buildings, life science facilities and senior housing properties. These assets support services such as physician practices, ambulatory care, medical research and senior living.