REIT - Healthcare Facilities
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DOC vs VTR
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Healthcare Facilities
DOC vs VTR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Healthcare Facilities | REIT - Healthcare Facilities |
| Market Cap | $13.56B | $41.18B |
| Revenue (TTM) | $2.87B | $6.13B |
| Net Income (TTM) | $222M | $260M |
| Gross Margin | 21.2% | -4.3% |
| Operating Margin | 18.3% | 13.4% |
| Forward P/E | 100.1x | 118.1x |
| Total Debt | $10.44B | $13.22B |
| Cash & Equiv. | $538M | $741M |
DOC vs VTR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Healthpeak Properti… (DOC) | 100 | 79.1 | -20.9% |
| Ventas, Inc. (VTR) | 100 | 247.8 | +147.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DOC vs VTR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DOC carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 1 yrs, beta 0.52, yield 6.3%
- Beta 0.52, yield 6.3%, current ratio 1.09x
- Lower P/E (100.1x vs 118.1x)
VTR is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 18.5%, EPS growth 184.2%, 3Y rev CAGR 12.2%
- 66.5% 10Y total return vs DOC's 15.3%
- Lower volatility, beta 0.01, current ratio 0.96x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.5% FFO/revenue growth vs DOC's 4.5% | |
| Value | Lower P/E (100.1x vs 118.1x) | |
| Quality / Margins | 7.7% margin vs VTR's 4.2% | |
| Stability / Safety | Beta 0.01 vs DOC's 0.52, lower leverage | |
| Dividends | 6.3% yield, 1-year raise streak, vs VTR's 2.1% | |
| Momentum (1Y) | +34.6% vs DOC's +18.8% | |
| Efficiency (ROA) | 1.1% ROA vs VTR's 1.0%, ROIC 2.3% vs 2.5% |
DOC vs VTR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DOC vs VTR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DOC leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VTR is the larger business by revenue, generating $6.1B annually — 2.1x DOC's $2.9B. Profitability is closely matched — net margins range from 7.7% (DOC) to 4.2% (VTR). On growth, VTR holds the edge at +22.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.9B | $6.1B |
| EBITDAEarnings before interest/tax | $1.6B | $2.3B |
| Net IncomeAfter-tax profit | $222M | $260M |
| Free Cash FlowCash after capex | $1.2B | $1.4B |
| Gross MarginGross profit ÷ Revenue | +21.2% | -4.3% |
| Operating MarginEBIT ÷ Revenue | +18.3% | +13.4% |
| Net MarginNet income ÷ Revenue | +7.7% | +4.2% |
| FCF MarginFCF ÷ Revenue | +40.2% | +22.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.1% | +22.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.6% | 0.0% |
Valuation Metrics
DOC leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 160.4x trailing earnings, VTR trades at a 18% valuation discount to DOC's 195.0x P/E. On an enterprise value basis, DOC's 14.6x EV/EBITDA is more attractive than VTR's 24.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $13.6B | $41.2B |
| Enterprise ValueMkt cap + debt − cash | $23.5B | $53.7B |
| Trailing P/EPrice ÷ TTM EPS | 195.00x | 160.41x |
| Forward P/EPrice ÷ next-FY EPS est. | 100.10x | 118.12x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 14.64x | 24.33x |
| Price / SalesMarket cap ÷ Revenue | 4.80x | 7.06x |
| Price / BookPrice ÷ Book value/share | 1.63x | 3.18x |
| Price / FCFMarket cap ÷ FCF | 11.82x | 31.28x |
Profitability & Efficiency
DOC leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
DOC delivers a 2.6% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $2 for VTR. VTR carries lower financial leverage with a 1.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to DOC's 1.26x. On the Piotroski fundamental quality scale (0–9), VTR scores 6/9 vs DOC's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +2.6% | +2.1% |
| ROA (TTM)Return on assets | +1.1% | +1.0% |
| ROICReturn on invested capital | +2.3% | +2.5% |
| ROCEReturn on capital employed | +2.8% | +3.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 1.26x | 1.05x |
| Net DebtTotal debt minus cash | $9.9B | $12.5B |
| Cash & Equiv.Liquid assets | $538M | $741M |
| Total DebtShort + long-term debt | $10.4B | $13.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.78x | 1.40x |
Total Returns (Dividends Reinvested)
VTR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VTR five years ago would be worth $17,739 today (with dividends reinvested), compared to $8,393 for DOC. Over the past 12 months, VTR leads with a +34.6% total return vs DOC's +18.8%. The 3-year compound annual growth rate (CAGR) favors VTR at 24.8% vs DOC's 3.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +22.9% | +12.7% |
| 1-Year ReturnPast 12 months | +18.8% | +34.6% |
| 3-Year ReturnCumulative with dividends | +11.3% | +94.4% |
| 5-Year ReturnCumulative with dividends | -16.1% | +77.4% |
| 10-Year ReturnCumulative with dividends | +15.3% | +66.5% |
| CAGR (3Y)Annualised 3-year return | +3.6% | +24.8% |
Risk & Volatility
Evenly matched — DOC and VTR each lead in 1 of 2 comparable metrics.
Risk & Volatility
VTR is the less volatile stock with a 0.01 beta — it tends to amplify market swings less than DOC's 0.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.52x | 0.01x |
| 52-Week HighHighest price in past year | $19.68 | $88.50 |
| 52-Week LowLowest price in past year | $15.70 | $61.76 |
| % of 52W HighCurrent price vs 52-week peak | +99.1% | +97.9% |
| RSI (14)Momentum oscillator 0–100 | 48.4 | 57.0 |
| Avg Volume (50D)Average daily shares traded | 8.0M | 3.4M |
Analyst Outlook
DOC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates DOC as "Buy" and VTR as "Buy". Consensus price targets imply 4.8% upside for VTR (target: $91) vs -8.4% for DOC (target: $18). For income investors, DOC offers the higher dividend yield at 6.26% vs VTR's 2.15%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $17.86 | $90.80 |
| # AnalystsCovering analysts | 40 | 32 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +2.1% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $1.22 | $1.86 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | 0.0% |
DOC leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). VTR leads in 1 (Total Returns). 1 tied.
DOC vs VTR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DOC or VTR a better buy right now?
For growth investors, Ventas, Inc.
(VTR) is the stronger pick with 18. 5% revenue growth year-over-year, versus 4. 5% for Healthpeak Properties, Inc. (DOC). Ventas, Inc. (VTR) offers the better valuation at 160. 4x trailing P/E (118. 1x forward), making it the more compelling value choice. Analysts rate Healthpeak Properties, Inc. (DOC) a "Buy" — based on 40 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DOC or VTR?
On trailing P/E, Ventas, Inc.
(VTR) is the cheapest at 160. 4x versus Healthpeak Properties, Inc. at 195. 0x. On forward P/E, Healthpeak Properties, Inc. is actually cheaper at 100. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — DOC or VTR?
Over the past 5 years, Ventas, Inc.
(VTR) delivered a total return of +77. 4%, compared to -16. 1% for Healthpeak Properties, Inc. (DOC). Over 10 years, the gap is even starker: VTR returned +66. 5% versus DOC's +15. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DOC or VTR?
By beta (market sensitivity over 5 years), Ventas, Inc.
(VTR) is the lower-risk stock at 0. 01β versus Healthpeak Properties, Inc. 's 0. 52β — meaning DOC is approximately 5359% more volatile than VTR relative to the S&P 500. On balance sheet safety, Ventas, Inc. (VTR) carries a lower debt/equity ratio of 105% versus 126% for Healthpeak Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — DOC or VTR?
By revenue growth (latest reported year), Ventas, Inc.
(VTR) is pulling ahead at 18. 5% versus 4. 5% for Healthpeak Properties, Inc. (DOC). On earnings-per-share growth, the picture is similar: Ventas, Inc. grew EPS 184. 2% year-over-year, compared to -72. 2% for Healthpeak Properties, Inc.. Over a 3-year CAGR, VTR leads at 12. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DOC or VTR?
Ventas, Inc.
(VTR) is the more profitable company, earning 4. 3% net margin versus 2. 5% for Healthpeak Properties, Inc. — meaning it keeps 4. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DOC leads at 19. 3% versus 14. 2% for VTR. At the gross margin level — before operating expenses — DOC leads at 22. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DOC or VTR more undervalued right now?
On forward earnings alone, Healthpeak Properties, Inc.
(DOC) trades at 100. 1x forward P/E versus 118. 1x for Ventas, Inc. — 18. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for VTR: 4. 8% to $90. 80.
08Which pays a better dividend — DOC or VTR?
All stocks in this comparison pay dividends.
Healthpeak Properties, Inc. (DOC) offers the highest yield at 6. 3%, versus 2. 1% for Ventas, Inc. (VTR).
09Is DOC or VTR better for a retirement portfolio?
For long-horizon retirement investors, Ventas, Inc.
(VTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 01), 2. 1% yield). Both have compounded well over 10 years (VTR: +66. 5%, DOC: +15. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DOC and VTR?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DOC is a mid-cap income-oriented stock; VTR is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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