Diversified Healthcare Trust (DHC)

NASDAQ: DHC · IEX Real-Time Price · USD
2.430
+0.050 (2.10%)
Apr 26, 2024, 4:00 PM EDT - Market closed
2.10%
Market Cap 584.22M
Revenue (ttm) 1.41B
Net Income (ttm) -293.57M
Shares Out 240.42M
EPS (ttm) -1.23
PE Ratio n/a
Forward PE n/a
Dividend $0.04 (1.65%)
Ex-Dividend Date Apr 19, 2024
Volume 439,247
Open 2.400
Previous Close 2.380
Day's Range 2.380 - 2.460
52-Week Range 0.800 - 3.960
Beta 2.10
Analysts Strong Buy
Price Target 4.50 (+85.19%)
Earnings Date May 6, 2024

About DHC

DHC is a real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of December 31, 2023, DHC's approximately $7.2 billion portfolio included 371 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 8.6 million square feet of life science and medica... [Read more]

Sector Real Estate
CEO Christopher J. Bilotto
Employees 600
Stock Exchange NASDAQ
Ticker Symbol DHC
Full Company Profile

Financial Performance

In 2023, DHC's revenue was $1.41 billion, an increase of 9.87% compared to the previous year's $1.28 billion. Losses were -$293.57 million, 1761.1% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for DHC stock is "Strong Buy" and the 12-month stock price forecast is $4.5.

Price Target
$4.5
(85.19% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per yea...

17 days ago - Business Wire

Diversified Healthcare Trust First Quarter 2024 Conference Call Scheduled for Tuesday, May 7th

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq close...

20 days ago - Business Wire

Diversified Healthcare Trust Provides Monthly SHOP Performance Update

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment. Monthl...

25 days ago - Business Wire

Diversified Healthcare Trust Announces Fourth Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Reports se...

2 months ago - Business Wire

Diversified Healthcare Trust Fourth Quarter 2023 Conference Call Scheduled for Tuesday, February 27th

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2023 financial results after the Nasdaq clos...

3 months ago - Business Wire

Diversified Healthcare Trust Announces 2023 Dividend Allocation

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2023 income tax reporting purposes is as follows: Common Shares Di...

3 months ago - Business Wire

Diversified Healthcare Trust Closes $941 Million Zero Coupon Senior Secured Notes with a Maturity Date in January 2026, and a One-Year Extension Option

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has consummated the offering of an aggregate principal amount of $941 million of senior secured notes...

4 months ago - Business Wire

Diversified Healthcare Trust Prices $941 Million Zero Coupon Senior Secured Notes with a Maturity Date of January 15, 2026 and a One-Year Extension Option

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has priced an aggregate principal amount of $941 million of senior secured notes due January 2026, wi...

4 months ago - Business Wire

Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024....

Other symbols: RMR
5 months ago - Business Wire

The RMR Group Announces Retirement of Executive Vice President Jennifer Francis

NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning...

Other symbols: RMR
5 months ago - Business Wire

Diversified Healthcare Trust Announces Third Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2023, which can be found at the Quarterly Reports s...

6 months ago - Business Wire

Diversified Healthcare Trust Third Quarter 2023 Conference Call Scheduled for Thursday, November 2nd

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its third quarter 2023 financial results after the Nasdaq close...

7 months ago - Business Wire

Diversified Healthcare Trust Announces Board and Leadership Updates and Actions to Address Near Term Capital Needs, Including Pending Debt Maturities

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced changes to its Board of Trustees and executive leadership team, and other actions to address its near term ca...

7 months ago - Business Wire

Flat Footed LLC Comments on Termination of Diversified Healthcare Trust's Merger with Office Properties Income Trust

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

Other symbols: OPI
8 months ago - Business Wire

Diversified Healthcare Trust and Office Properties Income Trust Mutually Agree to Terminate Merger Agreement

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they have mutually agreed to terminate their previously...

Other symbols: OPI
8 months ago - Business Wire

Flat Footed LLC Comments on Diversified Healthcare Trust's Adjournment of Special Meeting of Shareholders

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

8 months ago - Business Wire

Diversified Healthcare Trust and Office Properties Income Trust To Adjourn Respective Special Meetings of Shareholders

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they will convene and immediately adjourn their respect...

Other symbols: OPI
8 months ago - Business Wire

All Three Leading Independent Proxy Advisory Firms Recommend Shareholders of Diversified Healthcare Trust Vote AGAINST the Proposed Merger with Office Properties Income Trust

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

8 months ago - Business Wire

Glass Lewis Joins ISS in Recommending Shareholders of Diversified Healthcare Trust Vote AGAINST the Proposed Merger with Office Properties Income Trust

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

Other symbols: OPI
9 months ago - Business Wire

ISS Recommends Diversified Healthcare Trust Shareholders Vote AGAINST the Flawed, Value-Destructive Merger with Office Properties Income Trust

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

Other symbols: OPI
9 months ago - Business Wire

Flat Footed LLC Issues Open Letter to Fellow Shareholders to Expose the Distortions and Misrepresentations in Diversified Healthcare Trust's Recent Investor Presentation

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL” or “we”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of ...

Other symbols: OPI
9 months ago - Business Wire

Diversified Healthcare Trust Sends Letter to Shareholders Outlining Robust Process to Maximize Value

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced it has mailed a letter to shareholders from the DHC Special Committee and Board of Trustees outlining the ind...

Other symbols: OPI
9 months ago - Business Wire

Diversified Healthcare Trust Releases Investor Presentation Highlighting Benefits of Pending Merger with Office Properties Income Trust

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) yesterday released a presentation outlining the reasons shareholders should vote to approve its pending merger with Office Pr...

Other symbols: OPI
9 months ago - Business Wire

Flat Footed LLC Releases Presentation Regarding the Flawed, Value-Destructive Merger of Diversified Healthcare Trust and Office Properties Income Trust

WILSON, Wyo.--(BUSINESS WIRE)--Flat Footed LLC (together with its affiliates, “FFL”), a top shareholder of Diversified Healthcare Trust (Nasdaq: DHC) (“DHC” or the “Company”) and the owner of approxim...

Other symbols: OPI
9 months ago - Business Wire

Diversified Healthcare Trust Announces Second Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Reports sectio...

9 months ago - Business Wire