Professional
Added to YB: 2024-08-21
Pitch date: 2024-06-30
DOC [bullish]
Healthpeak Properties, Inc.
-7.35%
current return
Author Info
No bio for this author
Company Info
Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company.
Market Cap
$14.3B
Pitch Price
$17.94
Price Target
N/A
Dividend
5.98%
EV/EBITDA
16.11
P/E
56.89
EV/Sales
8.81
Sector
Health Care REITs
Category
dividend
Baron Real Estate Income Fund New Position: Healthpeak Properties, Inc.
DOC: Healthcare REIT w/ lab (45%), outpatient (44%), CCRC (10%) properties. Lab demand improving, outpatient/CCRC strong. Development projects in CA driving growth. Merger w/ Physicians Realty ($4.6B) offers synergies. Mid-high single-digit CFO growth expected. 6.2% dividend yield. Undervalued vs peers/private market. Selling non-core assets, buying back shares.
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