An analysis of the Diversified Healthcare Trust (NASDAQ:DHC) stock in terms of its daily trading volume indicates that the 3-month average is 4.18 million. Dr. Anne Kittendorf, MD - Family Medicine Specialist in Dexter, MI Report here. Specifically, 2 analysts have assigned DHC a recommendation rating as follows: 1 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. Novi, MI 48375 (248) 477-0380. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines, and by property type and location. ETFs with the largest weight of Diversified Healthcare Trust (NASDAQ:DHC) stock in their portfolio include iShares iBonds 2025 Term High Yield and Income ETF (IBHE), Hartford Multifactor Small Cap ETF (ROSC), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ), iShares Residential and Multisector Real Estate ETF (REZ), iShares Micro-Cap ETF (IWC), SPDRDow JonesREIT ETF (RWR) and iShares Core U.S. REIT ETF (USRT).First Trust S&P REIT Index Fund (FRI). Diversified Healthcare Trust annonce ses rsultats pour le troisime trimestre et les neuf mois termins le 30 septembre 2021. 26, 2023 12:00 PM ET SLG , VNO , DHC , HPP , ILPT , MIGI , OPI , BENF , PKST , CWD By: Mary Christine Joy , SA . The table presents pro forma residents fees and services revenue, pro forma property operating expenses and pro forma NOI as if the communities had been managed for DHC’s account throughout all periods presented to assist in understanding community level operating results. The official website for the company is www.dhcreit.com. Q1 2023 Diversified Healthcare Trust Earnings Call - Yahoo Finance Diversified Healthcare Trust (DHC) Q3 2021 Earnings Call Transcript * Trading data in this section is delayed by at least 15 minutes. SHOP NOI was $32.7 million in aggregate, or $6.5 million per month on average, from January through May 2023, which is $9.9 million, or 60%, below the monthly average SHOP NOI DHC believes is required for it to be in compliance with its debt incurrence covenant by September 30, 2023. Contact Information. Accordingly, the merger may not close on the contemplated terms or at all or it may be delayed, and if merger does close, DHC may not realize the benefits from the merger that it currently expects, including the expectation that the combined company will immediately be in compliance with its debt incurrence covenant and able to refinance or issue new debt, will be less vulnerable to the inconsistent nature of the SHOP recovery and will provide an annual distribution to DHC shareholders that represents an immediate increase of 267% over the current annual distribution received by these shareholders. In their search for a sustainable yield, investors have bid up real estate stocks. We sell different types of products and services to both investment professionals and individual investors. A young company holds the secret to the next biggest AI advancement. 2023 DHC also believes there is a significant risk that it may not reach debt incurrence covenant compliance by mid-year 2024 because the difficult current market environment may further impede SHOP recovery. All rights reserved. Senior Housing Properties Trust Announces a Name Change to Diversified Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. The companys 5Y monthly beta was ticking 1.75. Based on this estimate, we see that current price is roughly -71.43% off the estimated low and -71.43% off the forecast high. Other real estate companies and real estate investment trusts, or REITs, may calculate NOI and comparable property NOI differently than DHC does. 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DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout the United States. Click here for more on how to use these ratings. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants. When available, the relevant portions of the joint proxy statement/prospectus will be mailed to DHC’s and OPI’s shareholders. Data center REITs see pipeline of new opportunities and long-term demand potential. Please. As of March 31, 2023, DHC’s approximately $7.1 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. Found a factual error? Office REITs lead financials gainers, Diversified Healthcare Trust in losers Jun. DHC believes pro forma operating results are a meaningful supplemental performance measure as they present historical community level operating results regardless of the form of contractual arrangements. Given that SHOP performance improvement is not consistent from month to month, DHC continues to believe that the earliest it will be in debt incurrence covenant compliance is mid-year 2024, after $700 million of DHC debt matures. Have Watchlists? 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Earnings Flash (DHC) DIVERSIFIED HEALTHCARE TRUST annonce un chiffre d'affaires de 346,3 millions de dollars pour le deuxime trimestre. Diversified Healthcare Trust dropped 14% in premarket trading after it said theres substantial doubt regarding its ability to continue as a going concern, as it has $700 million of debt maturing before mid-year 2024, leaving it with no path to refinance its upcoming maturing debt. All the details are in the FREE online report you can get here. DHC | Diversified Healthcare Trust Financial Statements - WSJ Learn how it impacts everything we do. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. When is Diversified Healthcare Trust's next earnings date? Earnings for Diversified Healthcare Trust are expected to grow by 68.42% in the coming year, from $0.38 to $0.64 per share. Family Medicine Female Age 48. The company stock has a Forward Dividend ratio of 0.04, while the dividend yield is 2.29%. Entering text into the input field will update the search result below. All rights reserved. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. Sign-up to receive the latest news and ratings for Diversified Healthcare Trust and its competitors with MarketBeat's FREE daily newsletter. Dr. Anne Kittendorf, MD is a family medicine specialist in Dexter, MI. This indicates that Diversified Healthcare Trust will be able to sustain or increase its dividend. For the four quarters ended March 31, 2023, DHC would have needed $81.3 million of additional income to be in compliance with the 1.5x annual debt service level required for its debt incurrence covenant, as detailed below. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. The SHOP segment runs communities that offer multiple types of residential care, ranging from independent living to nursing services. We will not release or resell your information to third parties without your permission. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. DHC is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $33 billion in assets under management as of December 31, 2021 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels. Style is calculated by combining value and growth scores, which are first individually calculated. Please log in to your account or sign up in order to add this asset to your watchlist. The stats also highlight that short interest as of May 30, 2023, stood at 4.63 million shares, which puts the short ratio at the time at 1.56. Unlock Our Full Analysis With Morningstar Investor, 255 Washington Street, Suite 300, Two Newton Place, Second Quarter in U.S.-Stock Funds: The Winners and Losers, Some 4- and 5-Star REITs for Your Radar Screen, DHCs full dividends and stock split history, Transparency is our policy. Diversified Healthcare Trust (NASDAQ: DHC) $3.05 (-1.6%) -$0.05 Price as of June 14, 2023, 3:00 p.m. Image source: The Motley Fool. An email was sent with password retrieval instructions. The company stock has a Forward Dividend ratio of 0.04, while the dividend yield is 2.29%. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. These are established companies that reliably pay dividends. Check Out These 3 Penny Stocks Insiders Are Aggressively Buying. Diversified Healthcare Trust DHC Stock Quote Morningstar Rating | Rating as of Jun 23, 2023 Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials. In connection with the proposed merger, OPI filed a registration statement on Form S-4 with the SEC, containing a joint preliminary proxy statement/prospectus of DHC and OPI. A stocks beta measures how closely tied its price movements have been to the performance of the overall market. 89.32% of the stock of Diversified Healthcare Trust is held by institutions. - 04:00:00 2023-06-27 pm EDT. Retirees in These 12 States Risk Losing Some of Their Social Security Checks, 2 Simple Stocks to Buy With $400 Right Now, The Best Stocks to Invest $20,000 in Right Now, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. DHC’s inability to refinance maturing debt is a primary reason we believe that the pending merger with Office Properties Income Trust is the best path forward for DHC and provides shareholders the best alternative to realize increased shareholder value in the long term. DHCs beta can be found in Trading Information at the top of this page. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. You may want to talk to family members, close . We also use them to share usage information with our partners. Diversified Healthcare Trust: Future in 'substantial doubt' as stand View institutional ownership trends. Is Senior Housing Properties Trust a Buy? 0 analyst(s) have tagged the Diversified Healthcare Trust (DHC) stock as Underweight, with 0 recommending Sell. Reconciliation of NOI to Comparable Property NOI: NOI of properties not included in comparable results, Amortization of Debt and Deferred Financing Costs. Diversified Healthcare Trust declared a quarterly dividend on Thursday, April 13th. From this we can glean that short interest is 1.93% of companys current outstanding shares. PDF Health professionals are the most trusted source of information - CHRT View which stocks are hot on social media with MarketBeat's trending stocks report. Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. The ex-dividend date of this dividend is Friday, April 21st. Warning Concerning Forward-Looking Statements. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. It's little wonder the market found Diversified's latest update wanting. On the technical perspective front, indicators give DHC a short term outlook of 50% Buy on average. In addition to the registration statement and joint proxy statement/prospectus filed or expected to be filed, DHC files annual, quarterly and current reports and other information with the SEC. Following the update's release, many investors sold out of the stock, sending it to a 4% share-price loss by the end of the day. Stupid sheep lining up for their fleecing. Our Quantitative Research team models direct competitors or comparable companies PKST just increased its dividend 200% and will be moving up. Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Copyright Nareit 2023. European banks find U.S. market more receptive and with cheaper financing than the European fixed-income market. Your email address will not be published. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. You should not place undue reliance upon any forward-looking statements. Click here for more on how to use these ratings. See P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Required fields are marked *. NEWTON, Mass., April 11, 2023 -- ( BUSINESS WIRE )-- Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has entered into a definitive merger agreement with Office Properties. NOI excludes amortization of capitalized tenant improvement costs and leasing commissions that DHC records as depreciation and amortization. The Company also provided additional insight into the calculation of its debt incurrence covenant that prohibits it from refinancing or issuing new debt. ET Overview News & Analysis Financial Health Valuation Earnings Transcripts Related Stocks Key. At Diversified Trust, we focus on your big picture. Royalties Inc. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines, and by property type and location. BBB Rating & Accreditation. Verify your identity, personalize the content you receive, or create and administer your account. Diversified Healthcare Trust is a healthcare Real Estate Investment Trust. Considering analysts have assigned the stock a price target range of $3.00-$3.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.00. Timing for Compliance with Debt Incurrence Covenant and Merger with Office Properties Income Trust: Jennifer Francis, DHC’s President and Chief Executive Officer made the following statement regarding today’s announcement: DHC’s SHOP performance in May 2023 continues to evidence that its SHOP recovery is inconsistent and hard to predict. Its SHOP segment consists of managed senior living communities that provide short-term and long-term residential living and, in some instances, care and other services for residents where it pays fees to the operator to manage the communities for its account. fair value, and uncertainty rating. That contrasted rather unfavorably with the S&P 500 index, which experienced a drop of less than 0.5%. The information regarding DHC’s SHOP segment results for April and May 2023 and year to date 2023, and on a pro forma basis for the 2019 periods indicated, reflects preliminary estimates with respect to certain results of DHC for such periods, based on currently available information. Is this happening to you frequently? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Analysts tracking DHC have forecast the quarterly EPS to shrink by -0.23 per share this quarter, while the same analysts predict the annual EPS to hit -$0.86 for the year 2023 and up to -$0.83 for 2024. In the Morningstar Style Box, large-cap names account for the Diversified Healthcare Trust has a PEG Ratio of 0.50. DHCs historical performance May 2023 net operating income, or NOI, was $5.8 million, $11.1 million, or 66%, below May 2019, and $3.2 million, or 36%, below April 2023. Is Diversified Healthcare Trust (DHC) Stock Outpacing Its Finance Peers This Year? The Company's segments include Office Portfolio and SHOP. OK. Cautionary Language. ET, Diversified Healthcare Trust of Beneficial Interest (DHC) Declares $0.01 Dividend, DHC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Diversified Healthcare Trust Is Fair to Shareholders, A Nightmare Deal Between Office Properties Income Trust And Diversified Healthcare Trust, Shareholder Alert: Ademi LLP investigates whether Diversified Healthcare Trust has obtained a Fair Price in its transaction with Office Properties, SHAREHOLDER ALERT: Rigrodsky Law, P.A. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Per this projection, the revenue is forecast to grow 10.90% above that which the company brought in 2023. There are currently 1 buy rating for the stock. Diversified Healthcare Trust does not undertake any obligation to update any information contained in these documents. Read our editorial policy to learn more about our process. Adjustments for acquisition or disposition of properties and repayment of debt during the period as required by covenant calculation. "Current conditions raise substantial doubt about our company's ability to continue as a going concern as a stand-alone company," Diversified Healthcare Trust President and CEO Jennifer Francis said Tuesday on the Newton, MA-based real estate investment trust's first-quarter earnings call. All the details are in the FREE online report you can get here. Compare DHC and certain of its trustees and executive officers, OPI and certain of its trustees and executive officers, and The RMR Group LLC, the manager of DHC and OPI, and its parent and certain of their respective directors, officers and employees may be deemed to be participants in the solicitation of proxies from DHC’s and OPI’s shareholders in connection with the merger. Diversified Healthcare Trust (Nasdaq: DHC) is a real estate investment trust (REIT) that owns approximately $7.1 billion of high-quality healthcare properties located in 36 states and Washington, D.C. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines and by . Diversified Healthcare Trust trades on the NASDAQ under the ticker symbol "DHC.". May 2023 Resident Fees and Services revenue was $92.5 million, $10.6 million, or 10%, below May 2019, and $0.8 million, or 1%, above April 2023. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. $205M Today's Change (2.88%) $0.02 Current Price $0.88 Price as of May 5, 2023, 4:00 p.m. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. The Trust owns office buildings leased to medical providers, medical related businesses, clinics and biotech . on the Dividend tab. Diversified Healthcare Trust (NASDAQ:DHC) price closed lower on Tuesday, June 27, dropping -7.89% below its previous close. peer companies that do receive analyst-driven ratings. It's truly a case of adapt or fail. How Do Things Look For Ginkgo Bioworks Holdings Inc. (NYSE: DNA) In The Short-Term?
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