Is Healthpeak Properties a Buy?
Not too long ago Healthpeak Properties (NYSE: PEAK) was the laggard in its diversified real estate investment trust (REIT) peer group. Today it looks better positioned than its closest peers. Here's what happened, and why, if you are looking for a diversified REIT today, you might want to look at Healthpeak.
Way back in 2016, Healthpeak was known as HCP. Like diversified healthcare real estate investment trust peers Ventas (NYSE: VTR) and Welltower (NYSE: WELL) (formerly known as Health Care REIT), it owns a collection of assets spanning across the healthcare space, specifically in the senior housing, office, and medical research facilities niches. However, in 2016 it had material exposure to the nursing home space. That sector was facing headwinds, with many operators struggling to make a profit because of changes in government reimbursement rates.
Image source: Getty Images
Source Fool.com
