Healthpeak Properties, Inc. (DOC) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Healthpeak Properties, Inc. (DOC) Real Estate Portfolio & Strategy

Healthpeak Properties, Inc. (DOC) is a fully integrated REIT focused on healthcare real estate, owning and developing properties for healthcare discovery and delivery. As a component of the S&P 500, Healthpeak distinguishes itself through a specialized portfolio and a dividend yield of 6.21%.

What Is the Investment Thesis for DOC?

Healthpeak Properties, Inc. presents an investment opportunity driven by its focus on the healthcare real estate sector, which benefits from long-term demographic trends and increasing healthcare spending. The company's market capitalization of $14.0B reflects its significant presence in the REIT market. Upcoming catalysts include continued expansion in key markets and strategic property development projects. Potential risks include interest rate fluctuations and changes in healthcare regulations. The company's P/E ratio of 58.20 suggests a premium valuation, reflecting investor expectations for future growth.

Based on FMP financials and quantitative analysis

DOC Key Highlights

Market capitalization of $14.0B, indicating a substantial presence in the REIT sector.

• Dividend yield of 6.21%, providing an attractive income stream for investors.
• P/E ratio of 58.20, reflecting investor expectations for future growth.
• Profit margin of 7.7%, demonstrating profitability in its operations.
• Beta of 1.08, suggesting a market-correlated level of volatility.

Who Are DOC's Competitors?

DOC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are DOC's Key Strengths?

Specialized expertise in healthcare real estate.

• Diversified portfolio of properties.
• Strong relationships with healthcare providers.
• Stable cash flows from long-term leases.

What Are DOC's Weaknesses?

High P/E ratio compared to peers.

• Sensitivity to interest rate fluctuations.
• Dependence on healthcare industry trends.
• Gross Margin of 1.9%

What Could Drive DOC Stock Higher?

Completion of strategic property development projects in key markets by Q4 2026.

• Continued expansion of the company's portfolio through acquisitions and partnerships.
• Demographic trends driving increased demand for healthcare facilities.
• Focus on improving operational efficiency and tenant satisfaction.

What Are the Key Risks for DOC?

Financial-distress signal — its Altman Z-Score of 1.00 sits in the distress zone (elevated bankruptcy risk).

• Rich valuation — a P/E of 58.20 runs well above the Real Estate sector’s ~29.00x, leaving little room for a miss.
• Changes in healthcare regulations impacting tenant profitability.
• Rising interest rates increasing financing costs.
• Economic downturns affecting tenant occupancy rates.
• Competition from other REITs in the healthcare sector.

What Are the Growth Opportunities for DOC?

• Expansion in Key Markets: Healthpeak can expand its presence in high-growth markets with strong demographic trends and healthcare infrastructure. By acquiring and developing properties in these areas, the company can increase its rental income and asset value. This strategy targets a market size of $100 billion in healthcare real estate by 2030, with a potential revenue increase of 10% annually.
• Strategic Property Development: Healthpeak can develop specialized healthcare facilities, such as medical office buildings and life science labs, to meet the evolving needs of healthcare providers and research institutions. This involves investing in innovative designs and technologies to create state-of-the-art facilities. This strategy targets a market size of $50 billion in specialized healthcare facilities by 2028, with a potential revenue increase of 8% annually.
• Enhancing Tenant Relationships: Healthpeak can strengthen its relationships with existing tenants by providing value-added services and customized solutions. This includes offering flexible lease terms, property management services, and technology upgrades. This strategy aims to increase tenant retention rates by 5% and generate additional revenue through service fees.
• Capitalizing on Demographic Trends: Healthpeak can capitalize on the aging population and increasing demand for senior living facilities by expanding its portfolio of continuing care retirement communities. This involves acquiring and developing properties that cater to the needs of seniors and provide a range of healthcare services. This strategy targets a market size of $80 billion in senior living facilities by 2027, with a potential revenue increase of 12% annually.
• Investing in Technology and Innovation: Healthpeak can invest in technology and innovation to improve its operational efficiency and enhance the tenant experience. This includes implementing smart building technologies, data analytics platforms, and digital marketing strategies. This strategy aims to reduce operating costs by 5% and increase tenant satisfaction scores by 10%.

What Are DOC's Competitive Advantages?

• Specialized focus on healthcare real estate.
• Long-term relationships with leading healthcare organizations.
• Strategic property locations in key markets.
• Expertise in property development and management.

What Does DOC Do?

Healthpeak Properties, Inc. operates as a fully integrated real estate investment trust (REIT) specializing in healthcare properties. The company focuses on owning, operating, and developing high-quality real estate assets that cater to the healthcare discovery and delivery sectors. Healthpeak's portfolio includes a diverse range of properties, such as medical office buildings, life science facilities, and continuing care retirement communities. These properties are strategically located in key markets across the United States, positioning the company to capitalize on demographic trends and the growing demand for healthcare services. Healthpeak's business model centers around leasing its properties to healthcare providers, research institutions, and senior living operators. The company generates revenue through rental income and property management fees. Healthpeak also engages in property development and redevelopment activities to enhance the value of its portfolio and meet the evolving needs of its tenants. As an S&P 500 company, Healthpeak maintains a significant presence in the REIT sector, managing a substantial portfolio of healthcare-related real estate assets. The company's commitment to quality and innovation has enabled it to establish long-term relationships with leading healthcare organizations and solidify its position as a key player in the industry.

What Products and Services Does DOC Offer?

• Owns and operates healthcare real estate properties.
• Develops new healthcare facilities.
• Leases properties to healthcare providers and research institutions.
• Manages properties and provides related services.
• Invests in strategic property acquisitions.
• Focuses on medical office buildings, life science facilities, and senior housing.

How Does DOC Make Money?

• Generates revenue through rental income from leased properties.
• Earns property management fees.
• Develops and redevelops properties to increase asset value.
• Acquires strategic properties to expand its portfolio.

What Industry Does DOC Operate In?

Healthpeak Properties, Inc. operates within the REIT - Healthcare Facilities industry, which is influenced by demographic trends, healthcare spending, and interest rate environments. The aging population and increasing demand for healthcare services drive the need for healthcare-related real estate. Healthpeak competes with other REITs such as Omega Healthcare Investors, Inc. (OHI) and faces competition from other real estate companies. The industry is characterized by long-term leases and stable cash flows, but is also subject to regulatory changes and economic cycles.

Who Are DOC's Key Customers?

• Healthcare providers (hospitals, clinics, medical groups).
• Research institutions and life science companies.
• Senior living operators.
• Tenants in medical office buildings.

Over the past six months, Healthpeak Properties, Inc. insiders filed 22 SEC Form 4 transactions — 8 sales and 14 purchases. On net that is roughly 64K shares acquired (about $114K) — insiders putting money in tends to read as conviction.

Healthpeak Properties, Inc. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 18.2% above estimates on average.

Healthpeak Properties, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.00 places it in the distress zone, a signal of elevated financial risk.

Return on equity for Healthpeak Properties, Inc. stands at 2.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. DOC trades at a trailing price-to-earnings ratio of 58.20, above the Real Estate sector average of ~29.00x. Its free cash flow yield is 8.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.02 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.5%, the inverse of the P/E and a quick read on earnings relative to price.

Healthpeak Properties, Inc. (DOC) Valuation Context

Valued at $14.0B, DOC is classified as a large-cap stock. Analyst price targets span from $19.00 to $24.00, with a consensus of $22.38. At the current price of $20.37, that implies approximately 10% upside potential. Relative to its peer group, DOC's quantitative score of 63/100 is below the peer average of 77/100.

DOC Revenue & Earnings Trend

In Q2 FY2026, DOC generated $771.6M in top-line revenue, marking a sequential increase of 2.5%. The company recorded net income of $63.2M, with diluted EPS of $0.09. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Real Estate company. Across the four most recent quarters, DOC averaged $0.09 in diluted EPS.

Company Profile

Healthpeak Properties, Inc. operates in the REIT - Healthcare Facilities industry within the Real Estate sector. It is headquartered in Denver, US. The company is led by CEO Scott Brinker. DOC has traded publicly since 1985.

DOC Financials

DOC Latest News

DOC Analyst Consensus

DOC MoonshotScore

DOC Real Estate Stock FAQ

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources