DOC · NYSE · REIT - Healthcare Facilities

Healthpeak Properties (DOC)

Owns healthcare real estate spanning outpatient care, lab research, and senior housing.

$20.60
After hours+0.02 (+0.10%)
At close$20.58(−0.68%)
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Healthpeak Properties, Inc.DOC
Real Estate

Owns, operates, and develops U.S. outpatient medical buildings, hospitals, and lab campuses, collecting rent from health systems, clinicians, and life-science tenants. Senior housing exposure comes through majority ownership and management of separately listed Janus Living.

Owns, operates, and develops U.S. healthcare real estate across outpatient medical, lab, and senior housing. Outpatient properties include medical office buildings and hospitals leased to health systems and physicians, while lab campuses serve biotechnology, pharmaceutical, and research tenants. Senior housing exposure is held through majority ownership and external management of separately listed Janus Living.

Combines property management, leasing, development, redevelopment, and long-term relationships with health systems and life-science tenants. The Physicians Realty Trust merger expanded its outpatient portfolio and integrated property-management platform.

Performance depends on tenants and operators, hospital-campus health systems, life-science space demand, senior housing occupancy, and access to capital. Healthcare licensing, resident-safety rules, and Medicare and Medicaid policy shape the properties and operators within the portfolio.

Company facts

CEOScott M. Brinker
ListedMay 23, 1985
ExchangeNYSE
HeadquartersDenver, CO
CountryUnited States
Employees411
CIK0000765880
ISINUS42250P1030

Market cap$14.28B
EPS (ttm)$0.3500
P/E (ttm)59.20
ROE3.3%
P/B1.82
P/S4.84
Dividend yieldDiv yield5.89%
Beta0.45vs XLRE 1.10

Price target$22.00+6.7%Average of 41 analysts
ConsensusHold22 of 41 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 15, 2026JefferiesTarget
Target: $17
Target: $21
Aug 31, 2026BarclaysReiterate
Rating: Target: $23
Rating: MixedTarget: $24
Aug 6, 2026Cantor FitzgeraldReiterate
Rating: Target: $17
Rating: NeutralTarget: $23
Jul 15, 2026Wells FargoReiterate
Rating: Target: $18
Rating: Equal WeightTarget: $22
Jul 7, 2026BarclaysDowngrade
Rating: OverweightTarget: $20
Rating: Equal WeightTarget: $23

Next report
Oct 22, 26
in 30 days
EPS estimate
$0.05
Revenue estimate
$748.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$0.01$0.06$0.05−$0.17$0.16$0.28$0.08Pending
Estimate$0.05$0.05$0.06$0.06$0.45$0.05$0.03$0.05
Surprise−80.0%+11.7%−21.9%−383.3%−64.4%+430.7%+184.2%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$698.0M$702.9M$678.5M$690.3M$704.8M$738.8M$749.8MPending
Estimate$688.9M$683.2M$689.3M$686.9M$691.6M$694.6M$725.6M$748.4M
Surprise+1.3%+2.9%−1.6%+0.5%+1.9%+6.4%+3.3%
Estimate$0.05
ReportedDue Oct 22, 2026
Estimate$748.4M
ReportedDue Oct 22, 2026
View details

Debt to equity131.60%
Current ratio251.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$700.4M$698.0M$702.9M$694.3M$705.9M$719.4M$753.0M$771.6M
Net income$85.9M$4.5M$42.8M$31.7M−$117.1M$114.0M$193.6M$63.2M
Net margin12.3%0.7%6.1%4.6%0.0%15.8%25.7%8.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$116.9M$122.6M$135.1M$131.5M$131.7M$145.8M$117.0M$124.9M
YoY growth+0.9%+2.9%+12.3%+18.0%+12.7%+19.0%−13.4%−5.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.63B · Total debt $10.32B · Total assets $21.68B · Shareholders' equity $7.84B

Revenue
$771.6M
Operating income
$124.9M
Net income
$63.2M
View details

Dividend yield
5.89%
Next ex-date
Oct 14, 26
estimated · in 22 days
Annual dividend
$1.22
per share
Schedule
Monthly
12 payments a year

HistoryDividendAnnual yield

Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26
Dividend$0.1017$0.1017$0.1017$0.1017$0.1017$0.1017$0.1017$0.1017
Annual yield8.52%6.91%7.02%6.26%5.97%5.47%5.93%5.99%
Ex-dateFeb 13Mar 17Apr 17May 18Jun 15Jul 20Aug 17Sep 14
Payment dateFeb 27Mar 31Apr 30May 29Jun 26Jul 31Aug 28Sep 25
View details

Institutions97.53%672.47M shares
775 holders · as of Jun 30, 2026
Insiders0.26%1.81M shares
17 holders · as of Jun 2, 2026
Strategic holders10.22%70.46M shares
1 holder · as of Feb 14, 2022
Adds to108.01%

689.53M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 108.01%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
10.29%70.94Mas of Jun 30, 2026
Cohen & Steers, Inc.Strategic
10.22%70.46Mfiled Feb 14, 2022
Vanguard Portfolio Management LLCInstitution
8.47%58.38Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.53%45.01Mas of Jun 30, 2026
State Street CorpInstitution
6.38%44.01Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 12, 2026Scott R. Bohnofficer: CDO and Head of Lab−10,989$19.45
View details

CompareAfter hours

CompanyPriceChange
Healthpeak Properties$20.60+0.10%$14.28B59.2104.04.8+10.5%
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American Healthcare REIT$51.69−0.02%$10.81B76.974.34.3+23.7%
Chiron Real Estate$36.54−0.08%$479.4M9.33.1−2.2%
Community Healthcare Trust$14.43+0.07%$410.9M21.435.23.3+2.8%
Median55.778.73.8+3.0%