Head-To-Head Analysis: Healthpeak Properties (NYSE:DOC) vs. SBA Communications (NASDAQ:SBAC)

SBA Communications (NASDAQ:SBAC) and Healthpeak Properties (NYSE:DOC) are both large-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, institutional ownership, earnings, profitability, risk and analyst recommendations.

Risk & Volatility

SBA Communications has a beta of 0.87, indicating that its stock price is 13% less volatile than the S&P 500. Comparatively, Healthpeak Properties has a beta of 1.12, indicating that its stock price is 12% more volatile than the S&P 500.

Insider & Institutional Ownership

97.4% of SBA Communications shares are held by institutional investors. Comparatively, 93.6% of Healthpeak Properties shares are held by institutional investors. 0.9% of SBA Communications shares are held by insiders. Comparatively, 0.2% of Healthpeak Properties shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares SBA Communications and Healthpeak Properties’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SBA Communications	29.69%	-16.60%	7.55%
Healthpeak Properties	-1.36%	-0.44%	-0.19%

Dividends

SBA Communications pays an annual dividend of $4.44 per share and has a dividend yield of 2.3%. Healthpeak Properties pays an annual dividend of $1.22 per share and has a dividend yield of 7.0%. SBA Communications pays out 57.9% of its earnings in the form of a dividend. Healthpeak Properties pays out -2,440.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. SBA Communications has increased its dividend for 6 consecutive years. Healthpeak Properties is clearly the better dividend stock, given its higher yield and lower payout ratio.

Analyst Ratings

This is a breakdown of current ratings for SBA Communications and Healthpeak Properties, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SBA Communications	0	9	8	2	2.63
Healthpeak Properties	1	6	6	0	2.38

SBA Communications presently has a consensus price target of $233.59, suggesting a potential upside of 21.67%. Healthpeak Properties has a consensus price target of $19.67, suggesting a potential upside of 12.06%. Given SBA Communications’ stronger consensus rating and higher possible upside, equities research analysts clearly believe SBA Communications is more favorable than Healthpeak Properties.

Valuation and Earnings

This table compares SBA Communications and Healthpeak Properties”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SBA Communications	$2.68 billion	7.63	$749.54 million	$7.67	25.03
Healthpeak Properties	$2.70 billion	4.52	$243.14 million	($0.05)	-351.00

SBA Communications has higher earnings, but lower revenue than Healthpeak Properties. Healthpeak Properties is trading at a lower price-to-earnings ratio than SBA Communications, indicating that it is currently the more affordable of the two stocks.

Summary

SBA Communications beats Healthpeak Properties on 13 of the 18 factors compared between the two stocks.

About SBA Communications

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

About Healthpeak Properties

Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.