NYSE: DOC
Healthpeak Properties, Inc.
Real Estate · REIT - Healthcare Facilities
After hours: $20.89(+0.48%) · as of 7:57 PM ET
Market Cap
$14.33B
52w High
$22.95
52w Low
$15.70
P/E
56.53
Volume
2.00M
Outstanding Shares
689.42M
Performance
Return analysis
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 22.01% over the last year. Revenue grew 5.52% over the trailing twelve months. Operating margin moved from 18.1% to 17.61%. Free cash flow declined 76.2% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 98th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 17.61%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Healthpeak Properties, Inc. is an S&P 500 constituent operating as a fully integrated real estate investment trust (REIT).
Valuation
Stock splits
Every 500 shares became 549
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
20
Buy
21
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 22, 2026
Q4 FY26 · EPS est $0.05 · Revenue est $735.18M
View
Dividends
$0.41/shareQuarterlyEx-div Aug 17, 2026 · in 1dAdequateDOC pays a dividend with a 1.96% declared yield, covered 1.5× by free cash flow.
Declared Yield
1.96%
Annual Div / Share
$0.41
TTM $1.22
5yr CAGR
-13.64%
Dividend has been cut
FCF Coverage
1.5×
Adequate
Dividend Growth Rate
3yr CAGR
-9.76%
5yr CAGR
-13.64%
10yr CAGR
-5.09%
Dividend History
Annual dividends paid per share
Income Projection
Today
$2/mo
In 5 yrs
$2/mo
In 10 yrs
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$20/yr $2/mo | $20/yr $2/mo | $20/yr $2/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -13.64% is negative, indicating the payout has been cut over this period.