Professional
Added to YB: 2024-09-20
Pitch date: 2024-09-11
DOC [bullish]
Healthpeak Properties, Inc.
-15.41%
current return
Author Info
No bio for this author
Company Info
Healthpeak Properties, Inc. is a Standard & Poor’s (“S&P”) 500 company that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery in the United States (“U.
Market Cap
$11.8B
Pitch Price
$20.17
Price Target
30.50 (+79%)
Dividend
7.20%
EV/EBITDA
15.98
P/E
-303.38
EV/Sales
7.78
Sector
Health Care REITs
Category
value
Healthpeak Properties, Inc.: Despite Recent Rally, Many REITs in the US Are Trading at Discounts to Fair Value Estimate
DOC: Healthcare REIT, 55% medical office, 35% life science. Trading below FV at 5.5% cap rate. 2.8% avg 10yr SS NOI growth. $500M annual development at 7.5% yield. Risks: ACA changes, tenant volatility. Sound balance sheet, fair capital allocation. $30.50 price target implies 17x FFO, 3.9% dividend yield.
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