Brokers Set Expectations for Healthpeak Properties, Inc.’s FY2024 Earnings (NYSE:PEAK)

Healthpeak Properties, Inc. (NYSE:PEAK) – Investment analysts at Wedbush reduced their FY2024 EPS estimates for Healthpeak Properties in a research report issued to clients and investors on Wednesday, November 8th. Wedbush analyst R. Anderson now anticipates that the company will earn $1.83 per share for the year, down from their previous estimate of $1.86. Wedbush has a “Neutral” rating and a $19.00 price objective on the stock. The consensus estimate for Healthpeak Properties’ current full-year earnings is $1.77 per share.

Healthpeak Properties (NYSE:PEAK) last issued its earnings results on Monday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a net margin of 11.17% and a return on equity of 3.38%. The firm had revenue of $556.20 million during the quarter, compared to the consensus estimate of $543.57 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.

A number of other equities analysts have also recently commented on the stock. BNP Paribas initiated coverage on shares of Healthpeak Properties in a research report on Wednesday, October 11th. They set an “underperform” rating and a $18.00 price objective for the company. Scotiabank reduced their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set a “sector perform” rating for the company in a report on Thursday, October 5th. Barclays lowered their price target on shares of Healthpeak Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, July 25th. Finally, Morgan Stanley decreased their price objective on Healthpeak Properties from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.75.

Healthpeak Properties Stock Performance

Shares of NYSE PEAK opened at $15.94 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $8.72 billion, a P/E ratio of 36.23 and a beta of 0.98. Healthpeak Properties has a 12 month low of $15.24 and a 12 month high of $28.43. The stock has a 50 day moving average of $17.95 and a 200-day moving average of $19.76.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Panagora Asset Management Inc. boosted its holdings in Healthpeak Properties by 38.0% in the first quarter. Panagora Asset Management Inc. now owns 43,684 shares of the company’s stock valued at $1,500,000 after acquiring an additional 12,021 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Healthpeak Properties by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 72,160 shares of the company’s stock worth $2,477,000 after acquiring an additional 4,497 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Healthpeak Properties by 11.8% in the 1st quarter. Raymond James Trust N.A. now owns 6,420 shares of the company’s stock valued at $220,000 after purchasing an additional 680 shares during the period. Blair William & Co. IL boosted its position in shares of Healthpeak Properties by 1.8% during the 1st quarter. Blair William & Co. IL now owns 19,827 shares of the company’s stock valued at $681,000 after purchasing an additional 346 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Healthpeak Properties by 160.0% in the first quarter. Allianz Asset Management GmbH now owns 1,236,444 shares of the company’s stock worth $42,447,000 after purchasing an additional 760,816 shares in the last quarter. 92.55% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.53%. Healthpeak Properties’s payout ratio is presently 272.73%.

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.