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DENVER - Healthpeak Properties, Inc. (NYSE: DOC), a prominent healthcare real estate investment trust (REIT) with a market capitalization of $13.48 billion, has announced the promotion of Kelvin Moses to Chief Financial Officer. Moses, previously the Executive Vice President of Investments and Portfolio Management, has been with the company since 2018. According to InvestingPro analysis, Healthpeak currently trades below its Fair Value, making it an interesting prospect among healthcare REITs.
Kelvin Moses has been instrumental in Healthpeak’s growth, contributing to significant transactions including the integration of the $5 billion Physicians Realty Trust merger. This merger resulted in $50 million in synergies in the first year, surpassing initial projections by $10 million and positioning Healthpeak as the nation’s largest owner of outpatient medical real estate. The company’s strong execution is reflected in its impressive 23.82% revenue growth over the last twelve months.
Scott Brinker, Healthpeak’s President and CEO, expressed confidence in Moses’s abilities to lead the company’s financial strategy, citing his strategic mindset and healthcare industry expertise. Moses himself commented on his new role, emphasizing his commitment to shareholder value and the company’s core values. The company maintains a strong track record of shareholder returns, including a 6.48% dividend yield and an impressive 41-year streak of consecutive dividend payments. InvestingPro subscribers can access detailed analysis and 8 additional key insights about Healthpeak’s financial health and growth prospects through the comprehensive Pro Research Report.
Moses’s experience prior to Healthpeak includes roles in healthcare and real estate investment banking at Barclays PLC. He is also a Georgetown University alumnus and a former varsity athlete.
The existing leadership team supporting Moses remains unchanged, with Shawn Johnston as Chief Accounting Officer, Ankit Patadia as Treasurer and Head of Finance & Capital Markets, Andrew Johns as SVP of Finance and Investor Relations, and Erika Gjovik as SVP of Portfolio Management.
Healthpeak Properties, Inc. is a S&P 500 company that specializes in owning, operating, and developing real estate for healthcare discovery and delivery. This announcement is based on a press release statement.
In other recent news, Healthpeak Properties reported its Q4 2024 earnings, revealing an EPS of $0.01, which fell short of the expected $0.0468. However, the company exceeded revenue expectations, bringing in $698 million against a forecast of $689 million. Looking ahead, Healthpeak has set its 2025 FFO guidance between $1.81 and $1.87 per share, reflecting confidence in its strategic initiatives. In related developments, Baird analyst Wesley Golladay lowered the price target for Healthpeak Properties to $24 from $25 but maintained an Outperform rating, highlighting the company’s strategic investments and potential for market share growth. The analyst noted challenges in Healthpeak’s lab segment due to modest demand and increased supply but expressed optimism about its strategic investments in the Torrey sub-market. Healthpeak’s management has also emphasized their focus on outpatient medical facilities and life sciences, which they believe positions the company well within the healthcare real estate sector. Additionally, the company plans to invest $500 million in 2025 with a projected same-store growth of 3-4%.
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