Healthpeak Properties, Inc. — Intrinsic Value & Fair Price

DOC

NYSEReal EstateREIT - Healthcare FacilitiesCIK 0000765880healthpeak.comAbout DOC

Last close · Oct 16, 202618.98+0.02 (+0.11%)

Market cap$13.1B

Model value · P/Cash FFO · own history

22.30

Healthpeak Properties closed at $18.98 — undervalued by 15% vs model.

19.54the model's range27.39

P/Cash FFO · own history leads for a REIT. From its own five-year median price to Cash FFO.

Other models

2.47 – 27.01

Wall St. target

21.00 10% below

Below model, 1y

10 of 17 days

Price and model value

Loading chart…

What the marks mean

Daily close

Valuation models

price $18.98 · as of Oct 17, 2026

P/Cash FFO · own historyused19.54 – 27.3922.3015% undervalued P/E · peers2.36 – 11.492.47668% overvalued P/E · own history7.92 – 14.2210.5480% overvalued PEG—11.5464% overvalued EV/EBITDA · peers24.85 – 39.8427.0130% undervalued Dividend discount12.95 – 26.0416.7513% overvalued Wall St. consensus target—21.0010% below Cost of capital (WACC)—7.32%—

P/Cash FFO · own history leads for a REIT. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Monthly · as of Oct 16, 2026

Yield, trailing 12 months

6.43%

#7 · Highest dividend yield

Past 2 years

low 5.35%high 18.84%

Dividends per share, a year at a time

Dividends / FFO, FY2025: 75.1%
Raised: —
Growth, 3 yrs: -27.3% a year
Last change: −66.7% · Apr 2025

Every payment, with ex-dates · latest $0.1017, paid Sep 25, 2026

Research on DOC

No posts on DOC yet.

Studied DOC from its filings? Guest posts are reviewed before they go live.Write about DOC →

How it is valued

Valued asREIT

Low/slowing growth (~7% recent)Moderate margins (12% net margin)Strong dividend yieldHighly cyclical earnings

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for REITs

Price / Cash FFO

—

Dividend yield, TTM

6.43%

Dividends / Cash FFO

—

Debt / assets

51.3%

Price / book

1.6×

Revenue growth

6.2%

On the lists: #7 Highest dividend yield

Full financials

Superinvestors

13F · Q2 2026

Christopher DavisDavis Selected Advisers$13.5M

All 1 holders

Analyst actions

third-party, quoted

10-13Barclays · target21.00

10-13UBS · target20.00

09-15Jefferies · target21.00

07-07Barclays · “Equal Weight” from “Overweight”downgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

08-0510-QQuarterly report 08-048-K · 2.02Results of Operations (Earnings)05-29Form 4 · AThomas John T · 1,385 sh@ 15.46 05-29Form 4 · FThomas John T · 78 sh@ 19.15 05-29Form 4 · APatadia Ankit B. · 1,358 sh@ 15.46 05-29Form 4 · FPatadia Ankit B. · 94 sh@ 19.15

75 filings · 40 insider transactions

Comparable companies

by business, not by industry label

WELLWelltower VTRVentas AREAlexandria Real Estate Equities BXPBXP

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just DOC. No account.

About Healthpeak Properties

Healthpeak 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.

CEO: Scott Brinker
Headquarters: Denver, CO
Employees: 411
IPO: 1985-05-23

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.