Analyst Consensus ?
ConsensusHold39 ratings
Bullish1948.7%
Neutral2051.3%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Healthpeak Properties, Inc. · DOC · FY2026 Q3 · Calendar Q4 2026
Healthpeak lifts FY2026 outlook again as leasing and operations strengthen
Healthpeak’s Q3 commentary points to improving operating momentum across outpatient, life-science and senior housing, supporting another increase to FY2026 adjusted FFO guidance. Higher borrowing costs and the time required to lease acquired properties temper that constructive picture.
Reported After market closeNYSEReal Estate
$13.43B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.02
Consensus $0.06
EPS surprise
-68.5%
Reported versus consensus
Reported revenue
$820.9M
Consensus $739.2M
Revenue surprise
+11.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.4%
Event window
SPY move
+0.3%
Same window
Abnormal move
+0.1%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
DOCSPY benchmark
Ask FN2 about DOC FY2026 Q3
Transcript, numbers and history already loaded
Why did DOC rise 0.4% after missing EPS estimates in FY2026 Q3?What changed in DOC's guidance and outlook in FY2026 Q3?Give me the bull and bear case for DOC after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management said it raised FY2026 adjusted FFO guidance for the third time this year, citing stronger leasing and operational execution. The call also highlighted sequential and year-to-date life-science occupancy gains, while identifying continued acquisitions and outpatient leasing as growth avenues.
Guidance delta
FY2026 adjusted FFO guidance was raised for the third time this year. The supplied analysis does not state the updated guidance range.
Key takeaways
- Management described stronger leasing and operating execution across its platforms.
- Life-science occupancy improved, and management characterized acquisitions as targeted toward attractive stabilized yields.
- Outpatient and senior housing were described as additional sources of growth.
- The supplied analysis identifies 2027 debt maturities and higher borrowing costs as financing considerations.
Management priorities
- Expand outpatient leasing through 2027.
- Pursue selective life-science acquisitions.
- Use Janus Living partnerships to support growth.
- Manage debt maturities and align capital spending with leasing and lease-up needs.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$19.56Current
$15Low
$20.96Average
$28High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 13, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Sep 21, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 13, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 11, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 10, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 6, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jun 24, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jun 15, 2026 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Jun 11, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 27, 2026 |
| Argus Research | Hold | Buy | Downgrade | Feb 5, 2026 |
| Jefferies | Hold | Buy | Downgrade | Dec 16, 2025 |
| Raymond James | Outperform | Market Perform | Upgrade | Sep 15, 2025 |
| Deutsche Bank | Hold | Buy | Downgrade | Aug 20, 2025 |
| Wedbush | Outperform | Outperform | Maintain | Apr 28, 2025 |
| B of A Securities | Buy | Underperform | Upgrade | Apr 1, 2024 |
| Keybanc | Overweight | Downgrade | Jan 5, 2024 | |
| Compass Point | Buy | Buy | Maintain | Jan 2, 2024 |
| Truist Securities | Hold | Hold | Maintain | Dec 22, 2023 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Sep 28, 2022 |
| Credit Suisse | Neutral | Neutral | Maintain | Apr 4, 2022 |
| Berenberg | Buy | Hold | Upgrade | May 20, 2021 |
| B. Riley Securities | Buy | Buy | Maintain | May 7, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Apr 22, 2020 |
| BTIG Research | Neutral | Buy | Downgrade | Mar 16, 2020 |
| BTIG | Neutral | Buy | Downgrade | Mar 15, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Feb 27, 2020 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Nov 26, 2019 |
| Stifel | Buy | Hold | Upgrade | Nov 25, 2019 |
| Capital One Financial | Equal Weight | Overweight | Downgrade | May 2, 2019 |
| Capital One | Equal Weight | Overweight | Downgrade | May 1, 2019 |
| Bank of America | Buy | Buy | Maintain | Mar 8, 2018 |
| Hilliard Lyons | Buy | Long Term Buy | Maintain | Nov 5, 2017 |
| JMP Securities | Market Perform | Outperform | Downgrade | Jun 21, 2016 |
| FBR Capital | Outperform | Outperform | Maintain | Feb 29, 2016 |
| Wunderlich | Buy | Buy | Maintain | May 21, 2014 |
| Wunderlich Securities | Buy | Buy | Maintain | May 20, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $19.56. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $20 | $18.82 | +2.2% | Oct 13, 2026 |
| Barclays | Richard Hightower | $21 | $18.95 | +7.4% | Oct 13, 2026 |
| Jefferies | Analyst unavailable | $21 | $20.37 | +7.4% | Sep 15, 2026 |
| Barclays | Analyst unavailable | $24 | $20.96 | +22.7% | Aug 31, 2026 |
| Cantor Fitzgerald | Richard Anderson | $23 | $21.52 | +17.6% | Aug 6, 2026 |
| Wells Fargo | Analyst unavailable | $22 | $21.66 | +12.5% | Jul 15, 2026 |
| Barclays | Analyst unavailable | $23 | $21.75 | +17.6% | Jul 7, 2026 |
| Mizuho Securities | Vikram Malhotra | $24 | $21.86 | +22.7% | Jul 6, 2026 |
| BMO Capital | Analyst unavailable | $24 | $20.69 | +22.7% | Jun 15, 2026 |
| Morgan Stanley | Ronald Kamdem | $22 | $20.76 | +12.5% | Jun 11, 2026 |
| Scotiabank | Analyst unavailable | $21 | $20.06 | +7.4% | May 27, 2026 |
| Morgan Stanley | Ronald Kamdem | $20 | $19.7 | +2.2% | May 22, 2026 |
| UBS | Analyst unavailable | $19 | $19.78 | -2.9% | May 13, 2026 |
| Morgan Stanley | Analyst unavailable | $18 | $15.83 | -8.0% | Apr 28, 2026 |
| UBS | Analyst unavailable | $17 | $17.37 | -13.1% | Apr 20, 2026 |
| Wells Fargo | John Kilichowski | $18 | $16.92 | -8.0% | Feb 3, 2026 |
| Goldman Sachs | Analyst unavailable | $17 | $17.04 | -13.1% | Jan 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $17 | $16.16 | -13.1% | Jan 5, 2026 |
| Jefferies | Analyst unavailable | $17 | $16.66 | -13.1% | Dec 15, 2025 |
| Evercore ISI | Analyst unavailable | $21 | $16.8 | +7.4% | Dec 15, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $20 | $19.15 | +2.2% | Oct 1, 2025 |
| Evercore ISI | Analyst unavailable | $22 | $18.08 | +12.5% | Sep 15, 2025 |
| Raymond James | Jonathan Hughes | $20 | $18.25 | +2.2% | Sep 15, 2025 |
| Morgan Stanley | Analyst unavailable | $21 | $17.75 | +7.4% | Aug 22, 2025 |
| Robert W. Baird | Analyst unavailable | $21 | $17.22 | +7.4% | Jul 30, 2025 |
| Deutsche Bank | Omotayo Okusanya | $28 | $22.64 | +43.1% | Oct 21, 2024 |
| Citigroup | Nick Joseph | $22 | $21.89 | +12.5% | Aug 21, 2024 |
| Robert W. Baird | Wesley Golladay | $24 | $21.85 | +22.7% | Jul 30, 2024 |
| RBC Capital | Michael Carroll | $25 | $21.85 | +27.8% | Jul 30, 2024 |
| Wedbush | Richard Anderson | $22 | $19.17 | +12.5% | May 3, 2024 |
| RBC Capital | Michael Carroll | $22 | $19.34 | +12.5% | Apr 10, 2024 |
| Robert W. Baird | Analyst unavailable | $22 | $18.31 | +12.5% | Mar 27, 2024 |
| Wells Fargo | Connor Siversky | $19 | $17.54 | -2.9% | Mar 25, 2024 |
| Credit Suisse | Omotayo Okusanya | $15 | $14.64 | -23.3% | Aug 1, 2023 |
| Morgan Stanley | Analyst unavailable | $16.5 | $16.95 | -15.6% | Aug 31, 2022 |
| Morgan Stanley | Analyst unavailable | $16 | $16.76 | -18.2% | Jul 15, 2022 |
| Truist Financial | Analyst unavailable | $17 | $16.58 | -13.1% | Jul 11, 2022 |
| Jefferies | Analyst unavailable | $20 | $17.58 | +2.2% | Jun 30, 2022 |
| Morgan Stanley | Analyst unavailable | $17.5 | $18.55 | -10.5% | Jun 1, 2022 |
| Barclays | Analyst unavailable | $20 | $17.58 | +2.2% | Apr 26, 2022 |
| Truist Financial | Michael R Lewis | $19 | $17.26 | -2.9% | May 6, 2021 |
Track every rating change on DOC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHealthpeak Properties, Inc. is an S&P 500 constituent operating as a fully integrated real estate investment trust (REIT). The firm is dedicated to the acquisition, management, and development of premier properties essential for both medical research and the provision of healthcare services.
Historical context
All DOC earningsReal Estate peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| UDR UDR, Inc. | FY2026 Q3 · Calendar Q4 2026 | +340.8% | +0.1% | UDR Raises Outlook After Strong Q3 Operating Results |
| O Realty Income Corporation | FY2026 Q3 · Calendar Q4 2026 | +5.7% | +1.1% | Realty Income raises 2026 AFFO outlook as Europe and credit broaden investment mix |
| SBAC SBA Communications Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.8% | -1.2% | SBA Communications Raises AFFO Guidance as Edge Computing Develops |
Latest beats and misses
Who reports nextBeat on EPS
- FANGFY2026 Q3 · November 2, 2026+2.4% EPS-3.7% move
- RRXFY2026 Q3 · November 3, 2026+41.1% EPS+11.8% move
- UDRFY2026 Q3 · November 2, 2026+340.8% EPS+0.1% move
- VNOMFY2026 Q3 · November 2, 2026+3.9% EPS-2.6% move
- EQH-PAFY2026 Q3 · November 2, 2026+14.5% EPS— move
- WMBFY2026 Q3 · November 2, 2026+0.2% EPS+3.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-11-03T20:15:45.059586+00:00
- FN2 earnings calendar · 2026-11-03T01:23:13.143323+00:00
- Polygon adjusted daily market bars · 2026-11-03T21:30:43.557329+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T21:30:43.554734+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.