Healthpeak Properties, Inc. (DOC) Stock

Healthpeak Properties, Inc. (DOC) is a Real Estate stock trading at $21.39 (as of 2026-08-21), with a market capitalization of $14.75B and a trailing P/E of 60.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Healthpeak Properties, Inc. is a real estate investment trust that invests in, owns, and operates healthcare-related properties. The company also develops real estate, serving the healthcare delivery and discovery needs of its tenants.

Understand Healthpeak Properties, Inc.: how it makes money

Healthpeak Properties owns, operates, and develops healthcare-focused real estate as a REIT, earning returns through its real estate portfolio and development activities.

As a fully integrated REIT, Healthpeak’s profit model is fundamentally tied to the performance of the healthcare real estate it owns, operates, and develops.

Business quality (Solid): The provided facts describe the business clearly, but there is no segment revenue breakdown and no operating KPIs, which limits deeper trend and driver analysis.

Valuation: At 65× earnings, DOC trades 93% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Healthcare-focused real estate: Healthpeak is positioned around “healthcare discovery and delivery” by owning, operating, and developing healthcare-related real estate.
  • Integrated REIT model: The company is described as fully integrated, combining ownership, operations, and development under one platform.

Bear case

  • Real estate risk: Because Healthpeak’s business is built around owning, operating, and developing real estate, it is exposed to risks common to the real estate sector.
  • Development execution risk: Development is part of the stated business, which can add uncertainty versus a pure operating model.
Valuation — source: SEC EDGAR (first-party)
Price$21.39
Market Cap$14.75B
P/E Ratio60.6
EV / EBITDA14.9
Price / Book1.56
Price / Sales5.00
DCF Value (model)$14.08
DCF Upside vs Price-34.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.82B
Net Margin2.5%
Revenue Growth (YoY)11.1%
EPS Growth (YoY)60.0%
Valuation vs Sector & Industry
Stock P/E60.6
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector123.1%
vs Industry71.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.75B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorReal Estate
IndustryTrading
CEOScott Brinker
Employees387
CountryUS
IPO Date1985-05-23

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DOC earnings history · DOC institutional & insider holders · DOC KPIs & operating metrics · DOC financials · DOC investor presentations & press releases · DOC SEC filings · DOC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.