DHC is a real estate investment trust 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 September 30, 2023, DHC’s approximately $7.2 billion portfolio included 376 properties in 36 states and Washington, D.C., occupied by approximately 500 tenants, and totaling approximately 9 million square feet of life science and medical office properties and more than 27,000 senior living units. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of September 30, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. DHC is headquartered in Newton, MA. For more information, visit www.dhcreit.com.
Company profile
Ticker
DHC, DHCNI, DHCNL
Exchange
Website
CEO
Adam David Portnoy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SENIOR HOUSING PROPERTIES TRUST
SEC CIK
Corporate docs
Subsidiaries
DHC ZB Properties LLC • SNH Proj Lincoln TRS LLC • SNH TRS Inc. • SNH TRS Licensee Holdco LLC ...
IRS number
43445278
DHC stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
26 Mar 24
DEF 14A
Definitive proxy
26 Mar 24
ARS
2023 FY
Annual report to shareholders
26 Mar 24
POSASR
Automatic shelf registration (post-effective amendment)
1 Mar 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Diversified Healthcare Trust Announces Fourth Quarter 2023 Results
26 Feb 24
8-K
Entry into a Material Definitive Agreement
22 Dec 23
8-K
Departure of Directors or Certain Officers
20 Nov 23
10-Q
2023 Q3
Quarterly report
1 Nov 23
8-K
Diversified Healthcare Trust Announces Third Quarter 2023 Results
1 Nov 23
Transcripts
DHC
Earnings call transcript
2023 Q4
27 Feb 24
DHC
Earnings call transcript
2023 Q3
2 Nov 23
DHC
Earnings call transcript
2023 Q2
2 Aug 23
DHC
Earnings call transcript
2023 Q1
9 May 23
DHC
Earnings call transcript
2022 Q4
2 Mar 23
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
Latest ownership filings
SC 13G
Silver Point Capital L.P.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
9 Feb 24
SC 13G/A
MILLENNIUM MANAGEMENT LLC
26 Jan 24
SC 13G/A
BlackRock Inc.
26 Jan 24
3
Christopher J. Bilotto
2 Jan 24
SC 13D/A
Flat Footed LLC
22 Dec 23
SC 13D/A
D. E. SHAW & CO, L.P.
5 Oct 23
3
Matthew C. Brown
2 Oct 23
4
Phyllis M. Hollis
26 Sep 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 279.11 mm | 279.11 mm | 279.11 mm | 279.11 mm | 279.11 mm | 279.11 mm |
Cash burn (monthly) | 25.99 mm | 43.48 mm | 21.86 mm | 21.34 mm | 4.68 mm | (no burn) |
Cash used (since last report) | 173.71 mm | 290.55 mm | 146.11 mm | 142.62 mm | 31.26 mm | n/a |
Cash remaining | 105.39 mm | -11.44 mm | 132.99 mm | 136.48 mm | 247.85 mm | n/a |
Runway (months of cash) | 4.1 | -0.3 | 6.1 | 6.4 | 53.0 | n/a |
Institutional ownership, Q3 2023
89.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 183 |
Opened positions | 180 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 340.96 bn |
Total shares | 215.04 mm |
Total puts | 1.17 mm |
Total calls | 961.16 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Flat Footed | 23.49 mm | $45.56 bn |
ABP Trust | 23.25 mm | $53.94 mm |
Vanguard | 19.91 mm | $38.62 bn |
BLK Blackrock | 17.66 mm | $34.26 bn |
Charles Schwab Investment Management | 17.21 mm | $33.38 bn |
H/2 Credit Manager | 14.92 mm | $28.87 bn |
D. E. Shaw & Co | 13.77 mm | $26.71 mm |
D. E. Shaw & Co. | 13.46 mm | $26.10 bn |
Silver Point Capital | 12.15 mm | $23.57 bn |
Lonestar Capital Management | 7.08 mm | $13.74 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Sep 23 | Phyllis M. Hollis | Common Shares of Beneficial Interest | Grant | Acquire A | No | No | 0 | 20,000 | 0.00 | 20,000 |
18 Sep 23 | Jennifer F. Mintzer | Common Shares of Beneficial Interest | Payment of exercise | Dispose F | No | No | 2.33 | 15,839 | 36.90 k | 256,153 |