Valued at a market cap of around $12 billion, Healthpeak Properties, Inc. (DOC) is a fully integrated real estate investment trust (REIT) that owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery.
Shares of the REIT have significantly underperformed the broader market over the past 52 weeks. DOC has dipped 9.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 8.6%. Moreover, shares of DOC are down 14.2% on a YTD basis, compared to SPX’s 4.3% rise.
