Diversified Healthcare Trust | REIT Profile

Symbol: DHC
CIK: 1075415
Exchange: NASDAQ
HQ: Newton, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Health Care
Externally Managed REIT

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See DHC on SEC.gov

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Overall Score: 4.3

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2021


Open Price: $2.67
Closing Price: $2.84
Price Change: 0.17 (6.367%)
Lowest Price: $2.62
Highest Price: $2.87

52-Week Low: $2.55
52-Week High: $5.54
52-Week Change: -43.48%

5 Day Price Change: -6.32%
1 Month Price Change: -25.21%
3 Month Price Change: -28.04%
6 Month Price Change: -26.47%
YTD Price Change: -34.56%
1 Year Price Change: -43.48%
2 Year Price Change: -63.51%
5 Year Price Change: -80.08%

Dividend of Trading Day December 6, 2021


Dividend Yield: 1.408%*
Annualized Dividend: $0.04*
Dividend Yield (TTM): 1.492%
Annualized Dividend (TTM): $0.0399
Ex-Dividend Date: 2021-10-22
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: $794,739,000
Current Debt: $47,234,000
Revenue: $1,431,390,000
Gross Profit: $1,431,390,000
Total Revenue: $1,431,390,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $262,898,000
Revenue Per Share: $6
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 3.07
Profit Margin: -0.14%
Enterprise Value (EV): $4,237,149,550
Enterprise Value to Revenue (EV/R): 2.96
Price to Sales (P/S): 0.47
Price to Book (P/B): 0.29
Price/Earnings-to-Growth (PEG) Ratio: 0.18
P/E Ratio: -3.26
P/E High: 12.44
P/E Low: 9.70
Forward P/E Ratio: -3.23
Market Capitalization: $678,745,499
Beta: 1.57
Latest Volume: 1,251,797
Avg. Total Volume: 1,558,012
Avg. 10-Day Volume: 2,476,223
Avg. 30-Day Volume: 1,558,012
TTM EPS: -0.87
Shares Outstanding: 238,994,894
Float: N/A
50-Day Moving Avg.: $3.42
200-Day Moving Avg.: $3.69

Latest REIT Community Comments on #DHC


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Properties Owned by DHC


Properties Based on REIT's Official Presentation

Properties Types States Countries
436 1 42 1

Please visit REIT’s official webpage for the most up-to-date property list.

DHC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $8.01 per share you would have been able to buy 124 shares of DHC on 2020-12-07 costing $993.24 @ $8.01 per share you would have been able to buy 62 shares of DHC on 2020-12-07 costing $496.62 @ $8.01 per share you would have been able to buy 31 shares of DHC on 2020-12-07 costing $248.31 @ $8.01 per share you would have been able to buy 12 shares of DHC on 2020-12-07 costing $96.12 @ $8.01 per share you would have been able to buy 6 shares of DHC on 2020-12-07 costing $48.06
Current worth On 2021-12-06 these 124 shares would be worth $352.16 @ $2.84 On 2021-12-06 these 62 shares would be worth $176.08 @ $2.84 On 2021-12-06 these 31 shares would be worth $88.04 @ $2.84 On 2021-12-06 these 12 shares would be worth $34.08 @ $2.84 On 2021-12-06 these 6 shares would be worth $17.04 @ $2.84
Dividends earned $4.96 in dividends would have been earned since 2020-12-07 with 124 shares. $2 in dividends would have been earned since 2020-12-07 with 62 shares. $1.24 in dividends would have been earned since 2020-12-07 with 31 shares. $0.48 in dividends would have been earned since 2020-12-07 with 12 shares. $0.24 in dividends would have been earned since 2020-12-07 with 62 shares.
Net (gain / loss)* -636.12 USD -318.06 USD -159.03 USD -61.56 USD -30.78 USD
ROI** -64.04% -64.04% -64.04% -64.04% -64.04%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by DHC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
DHC 2021-10-22 0.010 --- 2021-10-14 2021-10-25 2021-11-18
DHC 2021-07-23 0.010 --- 2021-07-15 2021-07-26 2021-08-19
DHC 2021-04-23 0.010 --- 2021-04-15 2021-04-26 2021-05-20
DHC 2021-01-22 0.010 --- 2021-01-14 2021-01-25 2021-02-18
DHC 2020-10-23 0.010 --- 2020-10-15 2020-10-26 2020-11-19
DHC 2020-07-24 0.010 --- 2020-07-16 2020-07-27 2020-08-20
DHC 2020-04-09 0.010 -93.33% 2020-04-02 2020-04-13 2020-05-21
DHC 2020-01-24 0.150 --- 2020-01-16 2020-01-27 2020-02-20
DHC 2019-10-25 0.150 --- 2019-10-17 2019-10-28 2019-11-14

Financial Statements Overview


The next Earnings Report for DHC is 2022-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 794,739,000 849,079,000 843,237,000 148,189,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 794,739,000 849,079,000 843,237,000 148,189,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 6,271,309,000 6,330,773,000 6,699,469,000 6,328,235,000
Property, Plant & Equipment Net 5,713,373,000 5,732,466,000 5,746,171,000 5,715,829,000
Goodwill 0 0 0 0
Intangible Assets 252,629,000 263,657,000 274,987,000 286,513,000
Other Assets 288,609,000 275,640,000 287,980,000 197,024,000
Net Tangible Assets 2,046,253,000 2,126,532,000 2,151,190,000 2,209,324,000
Total Assets 7,066,048,000 7,179,852,000 7,542,706,000 6,476,424,000
Accounts Payable 0 0 0 0
Liabilities (Other) 253,624,000 285,134,000 286,623,000 238,717,000
Current Liabilities (Other) 47,234,000 32,690,000 53,200,000 48,319,000
Total Current Liabilities 47,234,000 32,690,000 53,200,000 48,319,000
Current Long-term Debt 0 0 0 0
Long-term Debt 4,355,533,000 4,356,879,000 4,657,693,000 3,566,641,000
Total Liabilities 4,767,166,000 4,789,663,000 5,116,529,000 3,980,587,000
Minority Interest 110,775,000 114,960,000 119,013,000 123,385,000
Common Stock 238,008,000 237,871,000 237,834,000 237,835,000
Retained Earnings -2,318,670,000 -2,226,943,000 -2,190,338,000 -2,120,450,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,298,882,000 2,390,189,000 2,426,177,000 2,495,837,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 337,416,000 346,341,000 362,724,000 384,909,000
Cost of Revenue 0 0 0 0
Gross Profit 337,416,000 346,341,000 362,724,000 384,909,000
Research and Development 0 0 0 0
Selling General and Admin 8,870,000 9,126,000 7,542,000 7,461,000
Operating Expense 346,753,000 353,717,000 361,086,000 375,360,000
Operating Income -9,337,000 -7,376,000 1,638,000 9,549,000
Income Expense Net (Other) 0 0 0 0
EBIT -9,337,000 -7,376,000 1,638,000 9,549,000
Interest Income 64,493,000 67,657,000 60,091,000 57,768,000
Pretax Income -87,409,000 -32,454,000 -65,945,000 -14,718,000
Income Tax 595,000 191,000 238,000 202,000
Minority Interest 1,339,000 1,577,000 1,322,000 1,308,000
Net Income -89,343,000 -34,222,000 -67,505,000 -16,228,000
Net Income Basic -89,343,000 -34,222,000 -67,505,000 -16,228,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -89,343,000 -34,222,000 -67,505,000 -16,228,000
Depreciation 68,702,000 67,888,000 66,153,000 277,552,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 794,739,000 849,079,000 843,237,000 148,189,000
Cash Flow -40,244,000 -7,776,000 34,822,000 39,636,000
Capital Expenditures -42,674,000 -39,463,000 -44,005,000 -185,585,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -3,296,000 15,714,000 -35,303,000 1,700,000
Dividends Paid 0 0 0 0
Net Borrowings 3,560,794,000 3,507,800,000 3,814,456,000 3,418,452,000
Cash Flow Financing -13,934,000 -309,032,000 1,079,637,000 -8,791,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Diversified Healthcare Trust


Diversified Healthcare Trust (Nasdaq: DHC), formerly known as Senior Housing Properties Trust (former stock symbol Nasdaq: SNH), is a healthcare Real Estate Investment Trust, or REIT, which owns office buildings leased to medical providers, medical related businesses, clinics and biotech laboratory tenants; senior living communities; as well as wellness centers. On January 2, 2020, Diversified Healthcare Trust (Nasdaq: DHC) and Five Star Senior Living Inc. (Nasdaq: FVE) announced that the previously announced restructuring of their business arrangements was completed effective January 1, 2020. Pursuant to the restructuring transaction, the five existing master leases for 166 of DHC’s senior living communities (18,676 living units) that were leased to FVE and the existing management agreements and pooling agreements between DHC and FVE for an additional 77 of DHC’s senior living communities (10,168 living units) have been terminated and replaced with new management agreements for all 243 DHC senior living communities that are operated by FVE. Also pursuant to the restructuring transaction, on January 1, 2020 FVE issued 10,268,158 of its common shares to DHC and an aggregate of approximately 16,119,560 of its common shares to DHC’s shareholders of record as of December 13, 2019. In consideration of these share issuances, DHC paid or assumed $75 million of FVE’s working capital liabilities. FVE is a senior living and healthcare services company that operates 267 independent living, assisted living, continuing care retirement and skilled nursing communities throughout the United States. DHC and FVE are managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
7 Dividend to Normalized AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios during the last four quarters. 8.8
3 Dividend to Normalized AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
4 Normalized AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
3 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
5 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
4.3 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-12-07 - v2.4