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Healthpeak Properties Inc DOC

Morningstar Rating
$21.02 +0.01 (0.05%)
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Company Report

Healthpeak's Medical Office and Life Science Portfolios Should Produce Low but Stable Growth

The top healthcare real estate stands to benefit disproportionately from the Affordable Care Act. With an increased focus on higher-quality care being performed in lower-cost settings, the best owners and operators in the industry, which can provide better outcomes while driving greater efficiencies, should see demand funneled to them from the best healthcare systems. Additionally, the baby boomer generation is starting to enter its senior years, and the 80-plus population, an age range that spends more than 4 times on healthcare per capita than the national average, should almost double in size over the next 10 years. Long term, the best healthcare companies are well positioned to take advantage of these industry tailwinds.

Price vs Fair Value

DOC is trading at a 175% premium.
Price
$21.01
Fair Value
$63.60
Uncertainty
Medium
1-Star Price
$75.62
5-Star Price
$71.73
Economic Moat
Jvs
Capital Allocation
Pvvkjwfs

Bulls Say, Bears Say

Bulls

Healthpeak enjoys industry tailwinds, including an aging population and regulatory changes that expand the pool of participants in the healthcare system.

Bears

Healthpeak's new management team doesn't have the same operational experience or relationships as peers, which could make it difficult to achieve the same internal growth.

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News

Trading Information

Previous Close Price
$21.01
Day Range
$20.9021.17
52-Week Range
$15.2422.38
Bid/Ask
$20.85 / $21.40
Market Cap
$14.79 Bil
Volume/Avg
5.2 Mil / 4.5 Mil

Key Statistics

Price/Earnings (Normalized)
52.43
Price/Sales
5.22
Dividend Yield (Trailing)
5.71%
Dividend Yield (Forward)
5.71%
Total Yield
6.40%

Company Profile

Healthpeak owns a diversified healthcare portfolio of approximately 748 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
Sector
Real Estate
Industry
REIT - Healthcare Facilities
Stock Style Box
Mid Value
Total Number of Employees
193

Competitors

Valuation

Metric
DOC
VTR
WELL
Price/Earnings (Normalized)
52.43120.85
Price/Book Value
1.662.312.33
Price/Sales
5.224.728.67
Price/Cash Flow
14.4118.5532.87
Price/Earnings
DOC
VTR
WELL

Financial Strength

Metric
DOC
VTR
WELL
Quick Ratio
0.240.773.77
Current Ratio
0.270.853.83
Interest Coverage
1.930.881.74
Quick Ratio
DOC
VTR
WELL

Profitability

Metric
DOC
VTR
WELL
Return on Assets (Normalized)
1.76%−0.20%1.20%
Return on Equity (Normalized)
4.21%−0.49%2.13%
Return on Invested Capital (Normalized)
3.34%1.99%2.73%
Return on Assets
DOC
VTR
WELL
See how this stock stacks up to its competitors with Morningstar Investor

REIT - Healthcare Facilities Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Welltower Inc
WELL
FwgnwsplwMgdq$65.0 Bil
Ventas Inc
VTR
PkzwpkctvWvyl$21.7 Bil
Omega Healthcare Investors Inc
OHI
Pfl$9.0 Bil
Healthcare Realty Trust Inc
HR
Hqhh$6.7 Bil
Sabra Health Care REIT Inc
SBRA
Sfjv$3.8 Bil
CareTrust REIT Inc
CTRE
Synwhl$3.8 Bil
National Health Investors Inc
NHI
Lhkz$3.2 Bil
Aedifica SA
AEDFF
Tqt$3.1 Bil
Medical Properties Trust Inc
MPW
Qnsz$2.9 Bil

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