On Wednesday, Citi maintained a Neutral rating on Healthpeak Properties (NYSE:DOC) Inc (NYSE:PEAK), with a price target of $18.00. The decision follows the company's fourth quarter earnings report, which led to revisions in the Citi's financial model for Healthpeak Properties. Adjustments were made to account for updated operational, financing, and transaction assumptions.
The revised model has resulted in a decrease in the core Funds From Operations (FFO) per share estimate for the year 2024, now set at $1.77, down from the previous estimate of $1.81. Similarly, the estimate for 2025 has been adjusted downward to $1.82 from $1.85.
Healthpeak Properties, a real estate investment trust (REIT), specializes in healthcare-related properties. The company's portfolio includes a range of assets such as senior housing, life science, and medical office buildings.
The adjusted estimates by Citi come as a direct consequence of the latest financial data and the company's performance in the last quarter. These revised figures are expected to guide investors in making informed decisions regarding Healthpeak Properties' stock.
Citi's unchanged price target of $18.00 for Healthpeak Properties reflects the firm's current valuation of the company's shares. The new core FFO per share estimates for 2024 and 2025 provide a detailed outlook on the company's expected financial performance over the next two years.
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