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.
IPO Year:
Exchange: NASDAQ
Website: dhcreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/30/2021 | $5.00 → $6.00 | Buy | B. Riley Securities |
| 7/29/2021 | $5.00 → $4.75 | Equal-Weight | Morgan Stanley |
Office Properties Income Trust (NASDAQ:OPI) today announced that Yael Duffy has been appointed President and Chief Operating Officer, effective January 1, 2024. Ms. Duffy will continue to serve as President and Chief Operating Officer of Industrial Logistics Properties Trust (NASDAQ:ILPT). She is also a Senior Vice President of The RMR Group (NASDAQ:RMR), overseeing asset management, leasing and property management for all office, industrial and retail properties managed by RMR. Ms. Duffy succeeds Christopher Bilotto who has been elected President and Chief Executive Officer of Diversified Healthcare Trust (NASDAQ:DHC), effective January 1, 2024. About Office Properties Income Trust
Diversified Healthcare Trust (NASDAQ:DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024. Mr. Bilotto is an Executive Vice President of The RMR Group (NASDAQ:RMR), overseeing portfolio management for all office, industrial and retail properties managed by RMR and hotel and senior living asset management, as well as development and redevelopment across the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positio
The RMR Group (NASDAQ:RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (NASDAQ:DHC) effective December 31, 2023. Ms. Francis' roles and responsibilities at RMR and DHC will be assumed by other RMR personnel. To ensure a smooth transition, Ms. Francis will remain a non-executive employee of RMR until her retirement on July 1, 2024. Adam Portnoy, President and Chief Executive Officer of The RMR Group, made the following statement: "We congratulate Jennifer on her retirement and thank her for 17 years of dedicated service to RMR
Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022. Mr. Donley has more than 25 years of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. He has served in various finance and accounting leadership roles at The RMR Group (NASDAQ:RMR) since 1997 and has been promoted to a Senior Vice President of RMR, effective October 1, 2022. Mr. Donley also serves as Chief Financial Officer and Treasurer of Service Properties Trust (NASDAQ:SVC) and is a certified public ac
Diversified Healthcare Trust (NASDAQ:DHC) announced the results of its 2022 Annual Meeting of Shareholders which was held today. The results of the Annual Meeting of Shareholders were as follows. Lisa Harris Jones was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Lisa Harris Jones 80.0% John L. Harrington was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For John
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced the results of its 2021 Annual Meeting of Shareholders which was held yesterday. Additionally, the company has appointed Jennifer F. Francis as President and Chief Executive Officer, effective immediately. Ms. Francis has served as President and Chief Operating Officer since 2018. The results of the Annual Meeting of Shareholders were as follows. Lisa Harris Jones was elected as an Independent Trustee. The final tabulation of the percentage of shareholders’ votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Lisa Harris Jon
Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104717010/en/ A conference call to discuss DHC's third quarter 2024 financial results will be held on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not re
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 year). This distribution will be paid to DHC's common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024. About Diversified Healthcare Trust: 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 June 30, 2024, DHC's a
Diversified Healthcare Trust (NASDAQ:DHC) today announced that it will issue a press release containing its third quarter 2024 financial results after the Nasdaq closes on Monday, November 4, 2024. On Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the schedule
DHC Will Use the Proceeds to Pay Down Debt Diversified Healthcare Trust (NASDAQ:DHC) today announced it has entered into a purchase and sale agreement with Brookdale Senior Living Inc. (NYSE:BKD) ("Brookdale") whereby Brookdale will acquire 18 triple net leased senior living communities that Brookdale currently leases from DHC for $135 million. Brookdale has leased and operated these 18 communities since February 2003. The 18 communities include 876 units located across 10 states serving primarily assisted living residents as well as memory care residents. DHC intends to use the proceeds from the transaction to pay down its $941 million of senior secured notes due January 2026. Chris Bilo
The RMR Group (NASDAQ:RMR) today announced the early renewal of the Vertex Pharmaceuticals Incorporated ("Vertex") lease for 1.1 million square feet of office and laboratory space at 50 Northern Avenue and 11 Fan Pier Boulevard in Boston, Massachusetts. Vertex's existing lease, which expires in December 2028, was extended for approximately 15 years, through June 2044. Adam Portnoy, President and Chief Executive Officer of RMR, made the following statement: "The Vertex lease extension exemplifies the successful execution of The RMR Group's strategy to create value for our clients. We have cultivated a strong relationship with Vertex, which has resulted in their recommitting to their flag
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 section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801788701/en/ A conference call to discuss DHC's second quarter 2024 financial results will be held on Friday, August 2, 2024 at 1:00 p.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required.
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 year). This distribution will be paid to DHC's common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024. About Diversified Healthcare Trust: 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 March 31, 2024, DHC's app
Diversified Healthcare Trust (NASDAQ:DHC) today announced that it will issue a press release containing its second quarter 2024 financial results after the Nasdaq closes on Thursday, August 1, 2024. On Friday, August 2, 2024 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled
Diversified Healthcare Trust (NASDAQ:DHC) today announced that President and Chief Executive Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be presenting at Nareit's REITweek 2024 Investor Conference in New York, NY on Tuesday, June 4, 2024 at 3:00 p.m. Eastern Time. A live audio webcast of the presentation will be available in a listen-only mode on the company's website at www.dhcreit.com/investors/events-and-presentations. Participants wanting to access the webcast should visit the company's website about 15 minutes before the start of the presentation. About Diversified Healthcare Trust DHC is a real estate investment trust focused on owning high-qu
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 Science Portfolio, located in seven states and consisting of approximately 725,000 square feet. As of March 31, 2024, the weighted average remaining lease term for these properties was 5.4 years and the occupancy rate was 93%. The non-recourse loan has an implied capitalization rate of 7.2% based on the aggregate appraised value for the collateral properties and a loan to value ratio of approximately 50%. The loan is an interest only 10-year mortgage with a 6.864% all-in fixed interest rate. DHC intends to use approximately
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Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241104717010/en/ A conference call to discuss DHC's third quarter 2024 financial results will be held on Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not re
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 year). This distribution will be paid to DHC's common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024. About Diversified Healthcare Trust: 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 June 30, 2024, DHC's a
Diversified Healthcare Trust (NASDAQ:DHC) today announced that it will issue a press release containing its third quarter 2024 financial results after the Nasdaq closes on Monday, November 4, 2024. On Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the schedule
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 section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801788701/en/ A conference call to discuss DHC's second quarter 2024 financial results will be held on Friday, August 2, 2024 at 1:00 p.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required.
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 year). This distribution will be paid to DHC's common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024. About Diversified Healthcare Trust: 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 March 31, 2024, DHC's app
Diversified Healthcare Trust (NASDAQ:DHC) today announced that it will issue a press release containing its second quarter 2024 financial results after the Nasdaq closes on Thursday, August 1, 2024. On Friday, August 2, 2024 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled
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 section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506405576/en/ A conference call to discuss DHC's first quarter 2024 financial results will be held on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required.
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 year). This distribution will be paid to DHC's common shareholders of record as of the close of business on April 22, 2024 and distributed on or about May 16, 2024. About Diversified Healthcare Trust: 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 December 31, 2023, DHC's ap
Diversified Healthcare Trust (NASDAQ:DHC) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Monday, May 6, 2024. On Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer Matt Brown will host a conference call to discuss these results. The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A
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 section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240226800620/en/ A conference call to discuss DHC's fourth quarter 2023 financial results will be held on Tuesday, February 27, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not
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B. Riley Securities reiterated coverage of Diversified Healthcare with a rating of Buy and set a new price target of $6.00 from $5.00 previously
Morgan Stanley reiterated coverage of Diversified Healthcare with a rating of Equal-Weight and set a new price target of $4.75 from $5.00 previously
Morgan Stanley reiterated coverage of Diversified Healthcare with a rating of Equal-Weight and set a new price target of $5.00 from $4.75 previously
B. Riley reiterated coverage of Diversified Healthcare Trust with a rating of Buy and set a new price target of $6.00 from $5.00 previously
Morgan Stanley reiterated coverage of Diversified Healthcare with a rating of Equal-Weight and set a new price target of $4.75 from $5.00 previously
https://www.sec.gov/Archives/edgar/data/857063/000110465924073425/tm2417210-1_s3.htm
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Diversified Healthcare (NASDAQ:DHC) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 25 percent. This is unchanged from the same period last year. The company reported quarterly sales of $361.54 million which beat the analyst consensus estimate of $360.99 million by 0.15 percent. This is a 7.32 percent increase over sales of $336.88 million the same period last year.
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Thursday marks the last chance for investors to receive the next dividend payout from Diversified Healthcare (NASDAQ:DHC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 1 cents per share. On Friday, Diversified Healthcare will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own DHC as of the end of Thursday's session are eligible to receive the 1 cen
After a difficult year, December was an incredible month for investors of real estate investment trusts (REITs). Sparked by the Federal Reserve's third consecutive pause on interest rate hikes and a prediction that they'll deliver three rate cuts in 2024, REITs blasted higher from undervalued positions. Office REITs were the best-performing subsector, with a dozen REITs surging over 20% higher. Seven mortgage REITs (mREITs) also enjoyed a month of 20% or more gains. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Warren Buffett once said, "If you don'
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Diversified Healthcare Trust (NASDAQ:DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.Mr. Bilotto is an Executive Vice President of The RMR Group (NASDAQ:RMR), overseeing portfolio management for all office, industrial and retail properties managed by RMR and hotel and senior living asset management, as well as development and redevelopment across the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles.Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positions at D
Diversified Healthcare (NASDAQ:DHC) reported quarterly earnings of $0.03 per share. This is a 150 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $356.52 million which beat the analyst consensus estimate of $353.37 million by 0.89 percent. This is a 10.41 percent increase over sales of $322.92 million the same period last year.
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