Diversified Healthcare Trust (DHC)

NASDAQ: DHC · Real-Time Price · USD
3.740
-0.160 (-4.10%)
At close: Oct 7, 2024, 4:00 PM
3.840
+0.100 (2.67%)
After-hours: Oct 7, 2024, 6:28 PM EDT
-4.10%
Market Cap 899.75M
Revenue (ttm) 1.46B
Net Income (ttm) -352.46M
Shares Out 240.57M
EPS (ttm) -1.47
PE Ratio n/a
Forward PE n/a
Dividend $0.04 (1.07%)
Ex-Dividend Date Jul 22, 2024
Volume 604,455
Open 3.870
Previous Close 3.900
Day's Range 3.720 - 3.870
52-Week Range 1.690 - 4.240
Beta 2.22
Analysts Buy
Price Target 6.00 (+60.43%)
Earnings Date Nov 4, 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
Founded 1998
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 2 analysts, the average rating for DHC stock is "Buy." The 12-month stock price forecast is $6.0, which is an increase of 60.43% from the latest price.

Price Target
$6.0
(60.43% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Diversified Healthcare Trust Announces Sale of 18 Triple Net Leased Senior Living Communities to Brookdale for $135 Million, or $154,000 per Unit

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced it has entered into a purchase and sale agreement with Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale”)...

Other symbols: BKD
7 days ago - Business Wire

Diversified Healthcare Trust: Progress Being Made, But I'm Still Neutral

Diversified Healthcare Trust's revenue improved in Q2, but there was a growing net loss primarily due to increased interest expenses. Occupancy levels in senior housing are rising, but challenges in t...

2 months ago - Seeking Alpha

Diversified Healthcare Trust (DHC) Q2 2024 Earnings Call Transcript

Diversified Healthcare Trust (NASDAQ:DHC) Q2 2024 Results Conference Call August 2, 2024 1:00 PM ET Company Participants Kevin Brady - Director of Investor Relations Chris Bilotto - President and Chi...

2 months ago - Seeking Alpha

Diversified Healthcare Trust Announces Second Quarter 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Reports sectio...

2 months ago - Business Wire

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...

3 months ago - Business Wire

Diversified Healthcare Trust Second Quarter 2024 Conference Call Scheduled for Friday, August 2nd

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

3 months ago - Business Wire

Diversified Healthcare Trust to Present at Nareit's REITweek 2024 Investor Conference on Tuesday, June 4th

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Executive Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown...

4 months ago - Business Wire

Eyes On The ECB

U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increa...

4 months ago - Seeking Alpha

Diversified Healthcare Trust Closes $120 Million Mortgage Loan

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $120 million mortgage loan secured by eight properties within DHC's Medical Office and Life ...

4 months ago - Business Wire

Picking A Winner In Healthcare REITs

Healthcare REITs performed well during the recent earnings season. The sector showed strength and resilience in the face of economic challenges, and enjoys strong tailwinds from the aging of the U.S. ...

4 months ago - Seeking Alpha

Diversified Healthcare Trust (DHC) Q1 2024 Earnings Call Transcript

Diversified Healthcare Trust (NASDAQ:DHC) Q1 2024 Earnings Call Transcript May 7, 2024 10:00 AM ET Company Participants Kevin Brady - Director of Investor Relations Chris Bilotto - President and Chie...

5 months ago - Seeking Alpha

Diversified Healthcare Trust Announces First Quarter 2024 Results

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Reports secti...

5 months 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...

5 months 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...

6 months ago - Business Wire

A Crude Problem

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024....

Other symbols: AREBBREBNLBXCTOCTREDRN
6 months ago - Seeking Alpha

Diversified Healthcare Trust: A Look At The 9% Yielding Baby Bonds

Diversified Healthcare Trust's merger with Office Properties Income Trust was called off and Office Properties has underperformed Diversified Healthcare by 85% since then. Diversified Healthcare's Q4 ...

7 months ago - Seeking Alpha

Diversified Healthcare Trust (DHC) Q4 2023 Earnings Call Transcript

Diversified Healthcare Trust (DHC) Q4 2023 Earnings Call Transcript

7 months ago - Seeking Alpha

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...

8 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...

9 months ago - Business Wire

Diversified Healthcare Trust: Hurtin' For Certain

The company's fundamentals, particularly in the balance sheet, raise questions about its long-term prospects and whether last year's gains were sustainable.

9 months ago - Seeking Alpha

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...

9 months ago - Business Wire

The State Of REITs: January 2024 Edition

The REIT sector closed the year out strong with a +11.40% total return in December, pushing into positive territory for the full year (+8.66%). Small cap REITs (+13.39%) outperformed in December. Larg...

9 months ago - Seeking Alpha

Disinflation: A Gift That Keeps Giving

U.S. equity markets extended their winning streak to an eighth week - the longest in five years - after inflation data both domestically and abroad showed a further cooling of price pressures. Extendi...

10 months ago - Seeking Alpha

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...

10 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...

10 months ago - Business Wire