Healthpeak Properties, Inc. (DOC) is a real estate investment trust focused on owning, operating and developing high-quality healthcare-related properties throughout the United States, including life sciences campuses, outpatient medical offices and senior living facilities. Headquartered in Denver, Colorado, the company plays a key role in supporting healthcare innovation and delivery through its diversified real estate portfolio. Healthpeak Properties has a market capitalization of around $11.9 billion.
Companies with a market capitalization of $10 billion or more are typically classified as large-cap stocks, and Healthpeak Properties clearly fits into this category. The company emphasizes disciplined execution and a focused approach, all of which support the consistent realization of its long-term growth vision.
Currently, the REIT is down 16.9% from its 52-week high of $20.52 reached in March 2025. Additionally, DOC has gained 6.6% over the past three months, outpacing the marginal gain of the Real Estate Select Sector SPDR Fund (XLRE) over the same time period.
However, Healthpeak shares have fallen 7.7% over the past six months, lagging XLRE’s 3% drop over the same time period. Meanwhile, over the past 52 weeks, DOC has fallen 16.2%, lagging the XLRE’s 3.2% decline.
While the stock has mostly traded above the 50-day moving average since mid-February, it is below the 200-day moving average, with some fluctuations.
Healthpeak Properties shares have declined over the past year amid rising interest rates that have weighed heavily on REIT valuations by increasing borrowing costs and reducing investor appetite for income-focused assets, while the company’s transition into life sciences properties has introduced leasing and reinvestment risks. At the same time, slower leasing activity at key laboratory campuses, broader weakness in the real estate sector and financial pressures among biotech tenants have dampened growth expectations.
Healthpeak Properties has substantially lagged peer Omega Healthcare Investors, Inc. (OHI)’s gains of 7.9% over the past six months and an increase of 19.1% over the past year.