DOC
Healthpeak Properties, Inc. Real Estate - REIT - Healthcare Facilities Investor Relations →
Healthpeak Properties, Inc. (DOC) closed at $16.85 as of 2026-02-02, trading 9.2% below its 200-week moving average of $18.56. This places DOC in the deep value zone. The stock is currently moving closer to the line, down from -7.4% last week. The 14-week RSI sits at 45, indicating neutral momentum.
Over the past 2076 weeks of data, DOC has crossed below its 200-week moving average 19 times. On average, these episodes lasted 25 weeks. Historically, investors who bought DOC at the start of these episodes saw an average one-year return of +7.8%.
With a market cap of $11.7 billion, DOC is a large-cap stock. The company generates a free cash flow yield of 9.9%, which is notably high. Return on equity stands at 1.2%. The stock trades at 1.6x book value.
Share count has increased 27.1% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in DOC would have grown to $1105, compared to $2849 for the S&P 500. DOC has returned 7.5% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 11.6% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: DOC vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DOC Crosses Below the Line?
Across 17 historical episodes, buying DOC when it crossed below its 200-week moving average produced an average return of +3.9% after 12 months (median -1.0%), compared to +16.6% for the S&P 500 over the same periods. 47% of those episodes were profitable after one year. After 24 months, the average return was +17.6% vs +23.4% for the index.
Each line shows $100 invested at the moment DOC crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
DOC has crossed below its 200-week MA 19 times with an average 1-year return of +7.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1987 | Oct 1987 | 3 | 4.5% | +30.9% | +4066.5% |
| Oct 1987 | Nov 1987 | 2 | 1.4% | +23.9% | +3936.3% |
| Dec 1998 | Dec 1998 | 2 | 2.2% | -18.4% | +564.5% |
| Jan 1999 | Mar 1999 | 7 | 10.0% | -5.0% | +559.0% |
| Mar 1999 | Apr 1999 | 4 | 4.3% | -2.3% | +560.4% |
| May 1999 | May 2000 | 49 | 21.3% | +4.3% | +543.1% |
| Oct 2008 | Aug 2009 | 41 | 40.2% | +18.4% | +73.3% |
| Dec 2013 | Jan 2014 | 4 | 2.3% | +33.7% | -1.4% |
| Mar 2014 | Mar 2014 | 1 | 0.1% | +21.1% | -5.7% |
| Jun 2015 | Aug 2015 | 10 | 4.3% | -4.3% | -12.8% |
| Aug 2015 | Oct 2015 | 6 | 7.0% | +9.4% | -14.9% |
| Oct 2015 | Jul 2016 | 37 | 30.1% | -2.3% | -13.7% |
| Oct 2016 | Feb 2017 | 20 | 14.8% | -13.6% | -16.1% |
| Mar 2017 | Apr 2017 | 4 | 5.9% | -19.8% | -10.0% |
| Apr 2017 | May 2017 | 2 | 4.4% | -21.4% | -14.5% |
| Jul 2017 | Oct 2018 | 65 | 25.9% | -6.0% | -11.3% |
| Mar 2020 | Jun 2020 | 11 | 25.7% | +60.4% | +9.6% |
| Jun 2020 | Jul 2020 | 6 | 1.8% | +31.5% | -14.0% |
| May 2022 | Ongoing | 193+ | 38.4% | Ongoing | -27.2% |
| Average | 25 | — | +7.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02