Diversified Healthcare Trust (DHC)

Company Profile

DHC is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA.

Company profile

Ticker

DHC, DHCNI, DHCNL

Exchange

NASDAQ

Website

www.dhcreit.com

CEO

Adam David Portnoy

Incorporated

Maryland

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • ARMOUR Residential REIT • VEREIT • Vornado Realty • Vornado Realty Trust • Healthpeak Properties • Ventas ...

Former names

SENIOR HOUSING PROPERTIES TRUST

SEC CIK

0001075415

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

SNH Proj Lincoln TRS LLC • SNH SE Tenant TRS, Inc. • SNH TRS Inc. • SNH TRS Licensee Holdco LLC ...

IRS number

43445278

DHC stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

23 Jan 23

8-K

Regulation FD Disclosure

2 Nov 22

Diversified Healthcare Trust Announces Third Quarter 2022 Results

2 Nov 22

POSASR

Automatic shelf registration (post-effective amendment)

3 Aug 22

Diversified Healthcare Trust Announces Second Quarter 2022 Results

Departure of Directors or Certain Officers

3 Jun 22

S-8

Registration of securities for employees

2 Jun 22

Transcripts

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DHC

Earnings call transcript

2022 Q3

3 Nov 22

DHC

Earnings call transcript

2022 Q2

4 Aug 22

DHC

Earnings call transcript

2022 Q1

4 May 22

DHC

Earnings call transcript

2021 Q4

24 Feb 22

DHC

Earnings call transcript

2021 Q3

4 Nov 21

DHC

Earnings call transcript

2021 Q2

5 Aug 21

DHC

Earnings call transcript

2021 Q1

8 May 21

DHC

Earnings call transcript

2020 Q4

25 Feb 21

DHC

Earnings call transcript

2020 Q3

6 Nov 20

DHC

Earnings call transcript

2020 Q2

6 Aug 20

Latest ownership filings

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MILLENNIUM MANAGEMENT LLC

3 Jan 23

SC 13G

MILLENNIUM MANAGEMENT LLC

22 Dec 22

RICHARD W. JR. SIEDEL

RICHARD W. JR. SIEDEL

16 Sep 22

LISA HARRIS JONES

3 Jun 22

Financial summary

Financial statements Chart DHC financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	800.81 mm	800.81 mm	800.81 mm	800.81 mm	800.81 mm	800.81 mm
Cash burn (monthly)	22.53 mm	886.00 k	27.87 mm	(no burn)	1.70 mm	7.26 mm
Cash used (since last report)	88.07 mm	3.46 mm	108.92 mm	n/a	6.63 mm	28.36 mm
Cash remaining	712.74 mm	797.34 mm	691.88 mm	n/a	794.17 mm	772.44 mm
Runway (months of cash)	31.6	899.9	24.8	n/a	467.9	106.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

DHC institutional ownership history Ownership history

75.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	213	240	-11.3%
Opened positions	17	39	-56.4%
Closed positions	44	36	+22.2%
Increased positions	66	79	-16.5%
Reduced positions	75	77	-2.6%

13F shares	Current	Prev Q	Change
Total value	190.59 mm	384.81 mm	-50.5%
Total shares	181.24 mm	195.83 mm	-7.5%
Total puts	57.60 k	74.10 k	-22.3%
Total calls	210.00 k	80.00 k	+162.5%
Total put/call ratio	0.3	0.9	-70.4%

Largest owners	Shares	Value	Change
BLK Blackrock	40.34 mm	$39.94 mm	-1.2%
Vanguard	30.91 mm	$30.61 mm	-20.5%
Flat Footed	18.88 mm	$18.69 mm	+42.5%
H/2 Credit Manager	9.38 mm	$9.28 mm	0.0%
Zimmer Partners	5.00 mm	$4.95 mm	+33.3%
Geode Capital Management	4.92 mm	$4.87 mm	+0.6%
Charles Schwab Investment Management	4.64 mm	$4.60 mm	+8.5%
JPM JPMorgan Chase & Co.	3.88 mm	$3.84 mm	-17.6%
BK Bank Of New York Mellon	3.71 mm	$3.67 mm	-0.0%
Dimensional Fund Advisors	3.17 mm	$3.14 mm	-1.7%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-11.23 mm	EXIT
Vanguard	30.91 mm	-7.96 mm	-20.5%
Flat Footed	18.88 mm	+5.63 mm	+42.5%
Centersquare Investment Management	0.00	-2.52 mm	EXIT
Jacobs Levy Equity Management	62.37 k	-2.33 mm	-97.4%
MS Morgan Stanley	1.79 mm	-1.29 mm	-41.9%
Russell Investments	1.42 mm	+1.27 mm	+807.1%
Zimmer Partners	5.00 mm	+1.25 mm	+33.3%
PRU Prudential Financial	2.69 mm	+1.07 mm	+66.0%
Putnam Investments	2.21 mm	+902.17 k	+69.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DHC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
19 Sep 22	Jennifer F. Mintzer	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	1.3	11,952	15.54 k	191,992
19 Sep 22	Richard W. JR. Siedel	Common Shares of Beneficial Interest	Payment of exercise	Dispose F	No	No	1.3	7,429	9.66 k	95,877
14 Sep 22	Jennifer F. Mintzer	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	60,000	0.00	203,944
14 Sep 22	Richard W. JR. Siedel	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	40,000	0.00	103,306
2 Jun 22	Portnoy Adam	Common Shares of Beneficial Interest	Grant	Acquire A	No	No	0	20,000	0.00	194,373.55